Whether Married Or Single, It’S Important To Have A Will
People generally do not spend much time thinking about their own mortality. However, most people would like to have control over how their property and assets are distributed upon their death. Unfortunately without a will, the intentions of the deceased will not be taken into account when it comes to decisions involving the distribution of their assets.
Appointing an Executor
When making out a will, an “executor” is assigned to represent the deceased in the administration of their estate. The executor is usually someone close to the deceased, or in some cases, their attorney. The executor also oversees the “tying up of loose ends” within the deceased’s personal affairs, such as addressing any debt or tax issues.
However, if an individual fails to produce a will prior to their death, the decision of how to distribute the assets of the deceased will be determined by a probate court.
Not Exclusive to Families
Single people have a tendency to place the act of making out a will on the “back burner.” Individuals with few assets and no spouse or dependents often feel there is no need to have a will. But it is just as important for single individuals to have a will in order to prevent the courts from making the decision on how to best distribute their assets.
Although there are many venues available that offer will-making services, it’s wise to find a lawyer who is well-versed in the areas of wills and trusts to provide guidance. Experienced probate lawyers will be familiar with their state laws and will be able to expertly help you navigate through the process of making out a will.