There are people who think that last wills and testaments are only for those who are getting up in years. In fact, having a will is something that every adult should have in place. Why should you have a word with a Cicero wills lawyer today? Consider the following.
You may not have a vast estate with a lot of holdings, but decisions still must be made about whatever you own. Who gets access to the checking and savings accounts? How about your car? What will happen with your personal effects? Even if everything you have is crammed into a one-bedroom apartment, it pays to make decisions about who receives what.
Maybe you already have a will. That’s great, but is it up to date? Perhaps you’ve acquired additional assets since it was drafted. Maybe one or more of your heirs has passed away. Reviewing and amending a will from time to time reduces the chances for anyone to question your wishes.
Last, your Cicero wills lawyer may have suggestions on how to ensure certain assets don’t have to go through a probate process. For example, did you know that it’s possible to name beneficiaries on your bank accounts? Instead of waiting for the will to be probated, the beneficiary presents a copy of your birth certificate and proof of their identity to the bank. The funds are released and can be used in any way the beneficiary wishes.
Whether you need to draft a will or would like to update an existing document, it’s a good idea to consult a lawyer. Doing so will ensure the text of the document fully complies with any laws that may apply.
For more information, please contact Koch & Associates P.C. Attorneys At Law today.
