In most instances, you should not worry about creating a will until you reach the age of 18 years old because this is the age at which the law allows it in most states. By definition, a simple will is a legal document that goes into effect after your death. It stipulates who should inherit your entire estate or identifies the person who you choose to be in charge of disbursing your assets to your family or friends. The main reason you should consider creating a will is to avoid having your estate declared “intestate’, which basically means that in the event of your demise, your estate will be handled in accordance with your local and state laws. If this happens, your wishes will not be taken into consideration regarding the distribution of your assets. Generally speaking, consider the following factors when deciding the time for creating your simple will in Raleigh, NC.
Simple Wills in Raleigh, NC, Protect Your Rights as They Relate to Your Property
If you have already created your simple will in Raleigh, NC, then you are covered, and your wishes regarding your estate and your assets will be honored. However, it is a good idea to review or update your will every four or five years as life has a tendency to change your circumstances and your wishes. Marriages, divorces, or the arrival of a new baby can significantly change your desire for who should receive your estate after you are gone. If you are confused about how to go about creating this very important legal document, seek the help of a trusted firm like The Law Offices of Kenneth J. Steinberg. They will help you create an iron-clad document that will stand as a guiding light to your wishes regarding your property after your passing.