Having a Last Will and Testament usually is a good idea.
When one doesn't have a Will, intestate succession laws govern the
distribution of estate assets - usually a portion of the estate goes to
the surviving spouse and the balance to surviving children. Having a
will not only allows the estate assets to be distributed according to
one's wishes, but also allows for the nomination of the person to be
responsible for administrating the estate, the establishment of one
or more trusts and the nomination of guardians in the event one leaves
minor children.
Wills can be drafted using general language so they don't
have to be changed often. But if a will does need to be changed, the
cost is not prohibitive. Generally, one's will should be reviewed
when one moves to a different state or when one experiences a life
changing event.
The cost of a simple will is $300.00 for an
individual or $450 for two spousal wills.
Please contact any of our
attorneys for the preparation of a will.