If you die without a Simple Will, it is possible that you may disinherit those you love. You leave the possibility that everything could be contested by almost anyone. Most people are not aware if you die without a will and you own assets, the state where you reside will essentially write your will for you. The state will decide how to divide it and who should have your assets. This is the sure way to lose control over who your assets are given to, who will take care of your children.
This process can be very expensive and you risk having your estate substantially depleted due to the potentially huge legal and other professional fees associated with intestate administration.
Making a Last Will and Testament is the only way to ensure that your property will pass to ones you choose rather than to persons decided by the State Courts. A Last Will and Testament will save your estate thousands of dollars in unnecessary expenses. |