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Q: What Happens If I Don’t Have a Will?
A: If you don’t have a will, your assets will be decided by state statutes via intestate succession. This can create conflict and confusion among your surviving loved ones and lead to decisions you may not have agreed with. If you want your final wishes to be communicated and followed, you need a will!
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Q: What Is a Last Will and Testament?
A: A last will and testament, or simply a will is a legal document that outlines your final wishes regarding the distribution of your assets after your death. If you have minor children, you can also use your will to spell out your wishes concerning their care. You should also name an executor in your will, so the court knows who will be in charge of carrying out your final wishes.
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Q: What Is Probate?
A: Probate is the court-supervised process used to authenticate your will (if you have one) and settle your estate after you die. The probate process includes inventorying and appraising a decedent’s assets, paying their debts and taxes, and distributing their assets to heirs and beneficiaries.
