Everyone should have a will, regardless of the stage of life they are in. Unfortunately, most people put off the task of creating it. If you have decided that it is time to have a will drafted, you probably have questions about the process. These are some of the most common questions people ask estate planning attorneys in Kailua-Kona, HI about creating a will.
If a person has children, money, or any other type of asset, having a will created is essential. If they fail to do this, their assets may just be divided up according to the laws in the area once they pass. This may even result in custody of young children being given to someone other than their spouse or another family member.
Is private will creation a good idea?
While there are options out there for a person to create their own will, it is usually a good idea to contact a professional. They understand the process of creating the will, how to handle making changes in the future, and any other issues that may arise.
Is more than a will needed?
If a person takes the time to speak with an estate planning attorney in Kailua-Kona, HI, they will quickly discover that filing documents to allow someone else to make decisions in the event they become incapacitated is recommended. Things such as medical wishes can be outlined in a living will or directive that describes the type of treatment a person does or does not want.
Should you have a revocable trust created?
One of the main reasons to create a revocable trust is to avoid probate, which is the court-supervised process used for settling a deceased person’s estate. These documents can be invaluable in some situations, and are something that should be discussed with the person who is helping with end-of-life planning.
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