The Last Will and Testament is the traditional cornerstone of an estate plan. Everyone should have a Will. While your estate plan may rely on other tools to distribute some or all of your assets, a Will may be vitally important for deciding who inherits some or all of your assets, who will be in charge of your estate (your “Executor”), and what powers they have to efficiently and inexpensively administer your estate.
If you do not have a Last Will and Testament, your estate will be inherited by the person(s) selected by Ohio law, a court will have to choose an Executor for you, and your Executor will be subject to a number of cumbersome rules of administration that would not exist if you had a Will.
A recent study showed that as many as 68% of people do not have a Last Will and Testament. That is a very concerning statistic. If the trend continues, we will see an increase in more inefficient and expensive estate administrations and the chance that more people will inherit that were not intended by their deceased loved one.
What made the study more interesting was that many of the people surveyed did not feel comfortable with the process of creating a Will. That shouldn’t be you. With free consultations, two convenient office locations, and virtual legal services that allow you to create and execute your plan from the comfort of your own home, nothing is keeping you from getting your Will started today. Contact us now to get started.