Top Reasons Why You Need To Make A Will - Part 2

 

A last will and testament is a legal document that expresses how you want your property and assets distributed after your death. By spelling out exactly how you would like your estate handled when you die, you can avoid family strife and have peace of mind that they will honor your wishes. Here are the top reasons why you need to make a will.

 

This 5 part series will provide an overview of the top reasons why you need to make a will which include:

 

• Decide Who Gets Your Estate
• Decide Who Will Take Care of Your Minor Children & Pets
• Facilitate the Probate Process
• Minimize Estate Taxes
• Decide Who Will Administer Your Estate
• Disinherit Individuals You Do Not Want To Receive Your Property
• Make Gifts and Donations
• You Can Always Update Your Will
• Avoid Legal Challenges
• Tomorrow Is Not Promised

 

Part 1 addressed Decide Who Gets Your Estate and Decide Who Will Take Care of Your Minor Children & Pet . Part 2 addresses Facilitate the Probate Process and Minimize Estate Taxes. Part 3 will address Decide Who Will Administer Your Estate and Disinherit Individuals You Do Not Want To Receive Your Property. Part 4 will address Make Gifts and Donations and You Can Always Update Your Will. Part 5 will address Avoid Legal Challenges and Tomorrow Is Not Promised.

 

Facilitate the Probate Process

 

Probate is the legal process to establish your will’s validity. The term also generally refers to the court-supervised process of distributing an estate.

 

Contrary to popular belief, probate is not always lengthy or expensive. The time and cost depend on factors like the size and value of your estate. That said, a clearly drafted will can minimize unnecessary delays. For example, if a disgruntled family member “contests” the distribution because they believe they deserve a larger share of your estate, a valid will quickly settles the dispute. By drafting a will, you are giving your loved ones the gift of a quicker and easier probate process.

 

Minimize Estate Taxes

 

You can explore various estate planning tools to minimize your estate taxes and reduce any inheritance taxes your loved ones may have to pay when they receive property from your estate. If you have a large estate that exceeds the federal estate tax exemption, you may want to keep tax planning in mind.

 

Call your Amarillo Estate Planning Attorney Today and Get Help Making Your Will

 

If you are planning your estate, making a will or updating your will, the best thing to do is consult with a local Amarillo Texas estate planning attorney to make sure you are following the laws and regulations of your respective state. Many people have similar questions and go through the same line of questioning when deciding how to make or update their estate plan. It can be and often is critical that you get legal help understanding the basics of this process. The best way to get this understanding is to contact an experienced Amarillo Estate Planning attorney near you. Stop and take a breath and call an Amarillo Estate Planning Attorney who has had decades of experience.  Pick up the phone and call Amarillo Estate Planning Attorney Bill Cornett.  Bill is your choice as an experienced estate attorney in Amarillo and the Texas Panhandle.  Don’t waste another minute.  Call him today.

 

Your most important action may end up being the phone call that you make to your Amarillo estate planning attorney lawyer.  In the Texas Panhandle that call should be to Amarillo attorney Bill Cornett.  Whether you need assistance with a will, administration of an estate or a contested probate, contact the Law Office of Bill Cornett. Be smart…remember these phone numbers (806) 374-9498 or (800) 658-6618.

 

Put Cornett Law Firm’s 50+ years of experience to work for you

 

Bill Cornett, Amarillo Attorney, with Cornett Law Firm, offers affordable, qualified services as an experienced personal injury lawyer and probate attorney. Bill also has experience in estate planning and agriculture law. Sit down with Bill at his office located at 612 S. Van Buren St. in Amarillo TX by calling (806) 374-9498 or (800) 658-6618 TODAY to schedule a free consultation.