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Making a will is one of the most important things you can do to protect your family’s future. Despite this, many people delay creating a will, often thinking they don’t need one until they’re much older or wealthier. However, having a will in place is crucial regardless of your age, life stage, or financial situation. Here’s why it’s so important, and how our team at Nickerson Jacquard Russell Murphy can help you through the process.
What Is a Will and Why Do You Need One?
A will is a legal document that outlines your wishes for how your assets should be distributed after your death. It also allows you to appoint an executor—someone who will ensure your wishes are carried out. Without a will, the courts will decide how your assets are divided, which can lead to disputes and complications for your family.
Having a will gives you control and peace of mind, knowing that your loved ones will be taken care of and your assets will be distributed according to your wishes.
Avoid Legal Complications
If you pass away without a will (also known as dying intestate), the process of dividing your estate becomes more complicated. Your assets may not go to the people you want them to, and the process could take longer and cost more in legal fees. In some cases, this can create tension and conflict within your family.
At Nickerson Jacquard Russell Murphy, we help Yarmouth residents avoid these complications by ensuring that their wills are properly drafted and legally binding.
Who Should Have a Will?
Every adult should have a will. This is particularly important if you:
Own property
Have children
Have investments, savings, or insurance policies
Want to specify guardianship for your children
Want to leave specific instructions for funeral arrangements
Even if your estate is modest, a will can save your family time, money, and stress.
Updating Your Will
Your will isn’t a static document. Life changes, such as marriage, divorce, having children, or acquiring new assets, should prompt you to update your will to reflect your current wishes. We recommend reviewing your will every few years or when significant life events occur.
How Our Lawyers Can Help
Our experienced team at Nickerson Jacquard Russell Murphy is here to guide you through the will-making process. We understand that discussing your estate may be overwhelming, but we make the process as smooth and stress-free as possible. Our goal is to give you peace of mind that your family will be protected and your wishes will be honoured.
Ready to Make a Will?
If you’re ready to start the estate planning process or need to update your existing will, contact us today. We’ll ensure that your will is comprehensive and legally binding, providing the protection your family deserves.
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