E.B.

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A must for your estate plan, the will allows you to control the distribution of your property after you pass on.

Wills are valuable estate planning tools.  While many sales people will play up the downsides of the will, it is one of the most cost effective ways to plan for the distribution of your estate. Benefits of wills include:

• Your ability to control the distribution of your assets when you pass away (if you do not choose, the State chooses for you).
• Your ability to nominate someone you trust to handle your affairs in the probate court.
• Your ability to nominate a conservator to handle the financial affairs of your minor or incapacitated adult children/loved ones if you pass away when they are still unable to manager their own finances.
• Your ability to nominate a guardian to handle the care, custody, and control of your minor children to assure they grow up the way you intended.
• They can be used to establish a long term distribution scheme for loved ones who are not as financially savvy as you would like.
• They are useful for single individuals or married couples.
• They facilitate the probate process and if executed properly, help to avoid or minimize the potential of contests.
• Avoiding disagreements among family after you are gone.

If you have questions, please contact Mr. Patrick at (248) 663-2566.