Will Preparation
Many people feel that they do not need a Will because they don't have many assets. The truth is, however, that anyone with any assets should consider a Will. In addition, people with children should always have a Will. With a Will, you are able to direct where you want your assets to go after your death. If you die without a Will ("intestate"), your assets will be distributed according to your State's laws. In Ohio, this law is called the "Statute of Descent and Distribution." If you die without a Will, this statute will govern how your assets are distributed, and you will have no say over the issue. While this may be acceptable to some people, it is not adequate for many others. You will also have no say over who will take care of your children. With a Will, you can nominate a guardian for your minor children, giving you a bigger say over your children's future.
It is also important to consider at least two other documents: a Living Will and a Durable Power of Attorney for Health Care Purposes. These two advance directives help direct physicians as to your health care when you are unable to communicate your wishes yourself.
To begin planning your Will and other advance directives, please contact Ben at (614) 487-9040 to schedule a free initial consult.
