LAST WILL AND TESTAMENT
“I had a very positive experience with the Stone Legal Group. Making out a Will can be very personal and at times emotional. Tom was very thorough and actually made it quite easy. I feel good that I have everything in place for my family for their future. Thank you Tom.”
- Ensure that your designated beneficiaries receive their share of your estate in accordance with your wishes through a properly prepared Last Will and Testament. This could include family members, friends or charities.
- If you do not have a Will, heirs at law will receive your estate as follows:
- Spouse(4th on the list!)
- Paternal grandparents
- Maternal grandparents
- Uncles and Aunts
- Nephews and Nieces
- If you have minor children, you can make provisions for a Trust so that the funds can be held until a specific date or event you choose. You can also put restrictions on the distribution of Trust assets for things such as health, education and welfare of your children or for college education only among others.
- If you have minor children, you can make a provision for a Guardian to ensure that they will be raised as you would want them to be so they are prepared for adulthood.
- If you need to exclude someone from you Will, you will need to do so in the correct manner so that your wish is carried out. Many reasons exist for utilizing this estate planning tool.
- Ensure that you have an appropriate Executor named who will be appointed to administer your estate at the time of your death. The Executor will be responsible for making sure your wishes as set forth in your Will are carried out or implemented as you have directed.
- A Will provides you with the ability to make special bequests in the form of personal property (such as jewelry, collectibles, furniture or family heirlooms) or a specific monetary amount to someone or to a favorite institution or charity.
- With careful planning, a Will can help protect your assets by minimizing the costs of probate itself, leaving more of your estate for your loved ones and beneficiaries.