It names your beneficiaries as the recipients of your wealth. Your beneficiaries could be family members, friends, or charitable organizations.
A will passes on to your beneficiaries the assets you treasure, such as bank accounts, jewelry, and real estate. Your will also allows you to name an Executor, which is the person with legal authority to pay your debts after your death and carry out your instructions.
Additionally, if your beneficiaries are young children, you can appoint a guardian for them and arrange for their inheritance to be managed until they reach an age to manage it themselves.
Unfortunately, too many people leave these important decisions to fate and deprive themselves of the opportunity to properly document their desire to benefit a loved one with an inheritance.
To preserve the assets you have inherited or worked hard to achieve, take control and make future provisions for those who matter to you. Call the Law Office of Richard Nevins to make an appointment for a consultation. An experienced attorney will offer expert guidance based on your individual needs.