From real estate closings to the reading of a will, there is a lot that happens after a death. In many situations, unfortunately, a will is not present, making things like real estate closings all the more difficult. In cases without a will, real estate closings even have the potential to become contentious. With a will, however, property is able to easily be divided among those who it is specified to go to, and real estate closings are often not even necessary.
However, a startlingly small percentage – more than half – of all people in the United States over the age of 55 have a will. In general across America, more than sixty percent of people have not drawn up a will, and the vast majority of people under the age of forty have not even considered the process of drawing up a will. It isn’t to late to draw one up, fortunately, and it is recommended that those under the age of forty without wills see a lawyer to draw one up as quickly as is reasonably possible. Lawyers can help with the process of creating a living will, and it is highly recommended that a person without experience in writing a living will seek legal services and legal help throughout the process of having one drawn up.
There are many things that a will can entail, from bequests up to five million dollars that are free from federal taxes to properties that you leave when you pass on. If you assign your properties to people in a will before your passing, you can avoid the long process of real estate closings, as well as potential contention between the recipients of your will. A will lawyer can help you to determine who will receive what, from your property to your belongings to your saved money, and can help you to negotiate that process. It can be difficult to decide who is included in your will, and the advice of a legal professional can be highly beneficial in such circumstances.
Drawing up a will can be a stressful, sobering experience. After all, the reminder that we are mortal is not always an easy on to take. However, in drawing up a will you help to insure that the events after your eventual passing will go as smoothly and with as little contention or problems as possible. A will can determine who will receive what of your possessions and your property, as well as help to insure that your family as well as other loved ones are able to continue on in relative financial comfort after your passing, particularly if you were the breadwinner of the household. A will is an important document to have, but a shocking number of people all across the United States do not have one. If you are one of these people, it is important that you seek legal help in drawing up a living will as soon as you possible can.
