Wills Attorneys Mullins, South Carolina
A last will and testament, simply called a will, is among the most vital estate planning documents everybody should have. The main purpose of creating a will is to select the beneficiaries you want to leave your assets to. Beneficiaries are usually family members but can also include other relatives, trusted friends, and organizations. You will also need to select a personal representative who will be responsible for carrying out your wishes in the will.
Aside from letting you direct what happens to your assets when you die, a will may also provide peace of mind, knowing that your wishes will be carried out to the letter upon your death. On the other hand, if you die without leaving a valid will, or called dying intestate, the court must decide how to distribute your property and debts.
If you need more information on creating a will and what it can do for you, don’t the Mullins, South Carolina wills attorneys of Whittington Tiller Law Firm LLC are here to offer you legal assistance.
What Exactly is a Will?
A will is basically a legal document that contains your final wishes. In general, you can use your will for:
Nominating an individual to act as the legal guardian to your minor children or family members who can’t take care of their own affairs. You should also consider naming an individual as the conservator of these people.
Determining which of your heirs and beneficiaries will share your assets, the order of priority, and what their shares should be.
Leaving some of your property to trusted friends, distant relatives, your church, charities, or to whomever you want.
Making gifts into your trust and designating a trustee to manage your assets for your surviving family’s benefit. There are various kinds of trusts you can choose from depending on your specific needs.
Naming your estate’s personal representative.
While a will is a simple and straightforward way to address some of your estate planning needs, it’s not capable of doing everything. For example, you can’t use your will for:
Leaving certain types of property, such as property with joint tenancy or right of survivorship, property in living trusts, life insurance policy proceeds, and money in retirement and pension accounts, among others.
Reducing your estate taxes
Arranging for the care of beneficiaries with special needs
Placing conditions on gifts
Talk to Our Experienced Mullins, South Carolina Wills Attorneys
Taking the necessary steps to plan your estate is the best way to make sure that all your wishes will be executed properly when you pass away. While you have various estate planning tools to choose from, deciding which ones will suit your needs can be challenging.
Fortunately, the Whittington Tiller Law Firm LLC is here to help. Our Mullins, South Carolina wills attorneys are committed to helping our clients craft a comprehensive plan that satisfies their specific circumstances and makes sense based on their situation. Taking some time now to ensure that your affairs are in order could make a massive difference in your family’s life later on.
Schedule your consultation with our Mullins, South Carolina wills attorneys by calling 843-464-7821 or reaching us online.