It's a common misconception that wills only need to be written at an old age. Most adults are not thinking about how their property and assets should be divided after they pass on, but the cold reality is that unexpected deaths can happen.
The most basic, and arguably most important, estate planning tool; a will can be used to accomplish several estate planning objectives including:
Some may see the practice of estate planning as one that focuses in death; others prefer to focus on the brighter side: hope. Estate planning is an area of law that allows for an individual to determine how assets will be distributed, but it also does more. A properly tailored estate plan should consider the following: