Envelope with Last Will and Testament

Last will and testament

A Last Will and Testament is a document that states what will happen legally to one's assets after they pass away.

This binding document can include material possessions, cash, properties as well as children. It can basically include almost anything.

Not having a Last Will and Testament can have serious consequences, such as the distribution of your assets that do not coincide with your intended wishes.

Things to consider when making a will

Since a Last Will and Testament is a legally binding document, you should avoid do-it-yourself and fill in the blank templates. 

A Will is a document signed by you that states how and to whom your assets should be distributed after you pass away.  

Compared to do-it-yourself documents and/templates, the cost of a lawyer is quite reasonable. Keep in mind, any errors from do-it-yourself wills could have potential consequences, such as nullifying your will. A good example would be not signing the document officially which would make the will invalid.  

Our fee is $760 per Will. For no additional fee you will also receive a:

  • Durable Power of Attorney
  • Medical Power of Attorney
  • Physician’s Directive
  • and HIPPA release
  • A Will should be prepared by a lawyer.
  • It avoids confusion and uncertainty of your wishes.
  • Avoid do-it-yourself templates.
  • A professionally prepared document will be signed by you in the presence of two witnesses and a notary.
  • Legal requirements are included for the protection of your heirs.

What happens if you do not have a Last Will and Testament?

Simply put, without having a will, the state will decide how to distribute your assets, and your last wishes would basically be irrelevant.

Having a will ensures that your assets go to the beneficiaries that you choose, not who the state chooses for you.

Who will enforce the will

The purpose of a Will is to name an executor to carry out the terms of the will. In addition to naming an executor and identifying your heirs, you also identify who receives your property. Keep in mind you can also leave property to people who are not heirs and not related to you.

  • After you die and your death certificate is issued, your executor is obligated to file the will with the local probate court.
  • The probate court will verify your death, verify your will, and appoint your executor to carry out the terms of the will.
  • The executor is obligated to gather up your property, pay bills, and distribute the remaining property as stated in your will.

How to file a Will

After you sign your will, you need to keep it in a place for safekeeping. The person you named as executor should know where it is located. You should keep it with all insurance policies and other important documents. 

  • It will list all your immediate family, such as your spouse and children.
  • If you are not married and have no children, you can identify your parents and brothers and sisters.
  • You can leave your property to churches, charities, museums, schools, etc.

Learn more about trusts 

Our fee is $760 per Will. For no additional fee you will also receive a:

  • Durable Power of Attorney
  • Medical Power of Attorney
  • Physician’s Directive
  • and HIPPA release

Where to obtain your new Will

The Steinbach Law Firm can prepare your new Will.

Email us today at SteinbachLaw@airmail.net or you can call us at 972-960-1850 and we will email a form to fill out so we can prepare your new Will.

LETS GET STARTED

The Steinbach Law Firm can prepare any document needed for any type of real estate.

Email us at steinbachlaw@airmail.net for more information, or you can call us at 972-960-1850 and speak directly with a lawyer.