Properly Drafted Wills to Ensure Your Final Wishes are Carried Out

When it comes to estate planning, one of the simplest—yet most important—documents is the will, also known as a last will and testament. While many of the more complicated estate planning vehicles are not always necessary for the ‘average’ person, a will is something that every adult living in Miami or the South Florida area should have. For some people it will be one piece of a comprehensive estate plan. For others it will be the only document that is required.

Here at the law office of Luis E. Barreto & Associates, P.A. we will take the time to work with you to help create a will that will provide you and your loved ones with exactly what they will need when the time comes. Even if you already have a will in place, we can review it to ensure everything is in order.

Benefits of a Will

Most wealthy individuals understand that it is essential to plan for what will happen after they die. Unfortunately, many people with average wealth mistakenly think that when they pass away their family will be able to simply distribute their assets without need of a formal will. The fact is, a will provides your loved ones with many advantages that will make their lives much easier in the weeks and months after you pass. The following are just a small sampling of the key benefits of having a will:

  • Minimize Probate – A will can reduce or even eliminate the need for any of your estate to go through the probate process.
  • Reduce Family Conflict – Many families have had major fights because of disagreements over who should get what out of an estate. If you don’t have a will, everything you own can be contested by your loved ones. Even if you have a close family, these types of situations can occur and will cause you a lot of problems.
  • Guardians – If you have minor children you can identify who you would like to be their guardians should you pass away. This can help streamline the process, which will minimize the stress on your children, who will already be going through a difficult time.
  • Name an Executor – You can choose who will make decisions for your estate after you pass away. This is important for anything that you didn’t specifically name in your will so that it is taken care of the way you would want.

Whether you have millions in assets or just a few belongings, a will is able to benefit your loved ones by making the time after your death much easier and less stressful. This is why every adult should be sure to have a will and make sure it is updated whenever there is a significant change in your life—at least every few years.

If you would like to discuss creating a will, please contact us for a free consultation. Our attorneys will work with you to make sure your will is legally enforceable as well as has everything you need in it to take care of your entire estate.