Keep Control Over Your Estate When Writing Wills with Brave Law Center, P.C.
Everyone wants peace of mind and the knowledge that their wishes will be fulfilled when they pass away. An estate plan is the only way to ensure your assets are divided following your desires. Wills are a straightforward way to dictate exactly what will happen to your assets and debts when you are incapacitated or have passed away. The experienced estate planning attorneys at Brave Law Center, P.C. can help you create wills in Peoria IL that organize and divide your wealth amongst your family while minimizing the stress around your death or incapacitation. Contact our office today for details.
What’s a Will?
A will is a legal document that outlines your desires for how you prefer your assets and liabilities to be managed upon your passing. It allows you to distribute your property, name an executor to manage your estate, appoint guardians for minor children or dependents, and designate beneficiaries for your assets. A will might also include funeral arrangements provisions, specify charitable donations, and detail any final words or messages for loved ones. Wills are an essential part of estate planning due to the benefits they offer, such as:
- Affordability – Compared to other estate planning methods, wills are relatively inexpensive to create.
- Clarity – Wills clearly outline your wishes regarding the distribution of assets, debts, and guardianship of dependents.
- Control – You have complete control over your estate plan when you write a will. You decide who gets what, how much, and when.
- Customization – Wills can be tailored to fit your specific needs and preferences. You can include specific instructions for certain assets or individuals.
- Probate Avoidance – A properly executed will can help your estate avoid lengthy and costly probate proceedings.
Are There Different Types of Wills?
Absolutely! There are four main types of wills, and each can meet the needs of your family and estate. With guidance from Brave Law Center, P.C., you can select and prepare the type of will that best suits your estate and ensures your assets go exactly where you want. Our attorneys have assisted in drafting wills like:
- Simple Wills – A straightforward document that outlines how your assets are to be distributed, names beneficiaries, and assigns an executor of your estate. However, simple wills are limited in their complexity and lack additional details regarding your estate.
- Testamentary Trust Wills – Upon an individual’s passing, a testamentary will take effect by creating a trust where your assets will be placed. This type of will is utilized more when assets are being passed to minors or individuals needing assistance handling finances.
- Living Wills – A living will less address your assets and estate and more concerns an individual’s preferences regarding medical treatments and end-of-life care. These wills are implemented if there are fears that the target of the will becomes incapacitated and cannot communicate their wishes.
- Joint Wills – As the name implies, a joint will is between two individuals (usually spouses) and functions as a single document outlining shared wishes regarding the distribution of assets. It often becomes irrevocable after the passing of one party.
When Is a Good Time to Create a Will?
For most people, any time is the perfect time to assert your wishes in a will, even if you don’t have a lot of assets. Here’s why: when you pass away or become incapacitated suddenly, it puts stress and pressure on your family to make big decisions. They may not know your wishes concerning life-sustaining care, funeral arrangements, or asset distribution. Having a plan before any major event can take the guesswork away from your family and let them focus on carrying out your final wishes with peace of mind that they are doing what you would have wanted.
What Can Brave Law Center, P.C. Do?
The legal team at Brave Law Center, P.C., helps our clients build a complete estate plan. We understand the hurt of losing a loved one and the stress associated with managing probate and their estate. Our goal is to make distributing assets and handling final affairs a little easier for all parties involved. To this end, from our estate planning attorneys, you can expect:
- Meeting with clients to discuss their estate and asset distribution goals, preferences, and concerns.
- Providing expert advice on estate laws and regulations to ensure compliance and protect clients’ interests.
- Preparing documentation for wills that are legally binding and reflect the client’s desires, including sections for asset distribution, executor assignments, and guardianship.
- Regular reviews and revisions of a will to accommodate changes in our clients’ lives, such as marriage, divorce, birth of children, or changes in financial status.
- Execution of a will in accordance with state laws, including the required witnesses and notary public when necessary.
- Handling disputes regarding a will, its beneficiaries, and the fair distribution of assets.
Write Your Will with Help from an Experienced Legal Team
It’s best to be prepared for anything, even your own death! To ensure your assets and estate are in order before passing, contact Brave Law Center, P.C., to discuss writing your will and additional estate planning measures. Otherwise, if you are interested in our additional legal services for estate planning, family law, and more, call
309-685-7900 to schedule a reservation. We serve clients throughout Peoria, Woodford, Tazewell, Fulton, Mason and Marshall Counties.
