Do I need a will?
While it is not necessary for people to have a will, it is highly advisable that they have one. By having a will, a person can avoid the costs of probate and achieve significant tax savings. A will is a legal document that states how the decedent’s probate property should be appropriated, designates guardians for minor children, and identifies trustworthy individuals or trust companies who can administer the decedent’s estate. While anyone can draft their own will, it is highly recommended to retain the services of an estate planning attorney who can help create a well drafted will.
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