A Last Will and Testament is a legal document which allows you to express your intentions regarding your estate. Your estate is comprised of the assets you own at your death and can include, real estate, bank/investment accounts and personal property. Your will identifies who will be your Executor. This is the person or persons who will be in charge of administering your estate. It also spells out how and to whom your assets will be distributed. Finally, your will is also an opportunity to choose who will serve as guardian of your minor children if that is a concern.
Wills can be simple or complex. They will differ for single individuals and married couples, people with minor children and people with no children, people who have many assets and those who have few. Wills will also be different for those who have a potential beneficiary who has special needs (such as a disabled child), or a loved one in a nursing home.
If you die without a Will, your estate will be distributed according to a formula established by state law. Your spouse may have to share your estate with other family members. A court may name a guardian of your minor children of whom you would not have approved. The state's formula does not take the special needs of any beneficiary into account.
How We Can Help
For these reasons, it is extremely important that you contact Zacharia Brown to have a Last Will and Testament prepared. This will allow YOU to make the decisions as to how your assets pass and who is in charge. Don’t leave it up to the Commonwealth of Pennsylvania to decide for you.