Probate Lawyer Anchorage, AK
In tough financial times, people carefully choose their spending priorities. Surprisingly, many Americans never get around to making a will. This is especially true for younger Americans. Since death is never something we want to discuss or even think about, making a will can be an uncomfortable task. Still, young people – especially young married couples in Alaska and those with children – should strongly consider scheduling a meeting with a probate lawyer in Anchorage, AK who can guide them through the process of setting up an estate plan.
Wills Do Not Just Control Money
It is a common misconception that if you have little in the way of financial resources, then a will is not necessary. But wills are not just for the wealthy. Say you have a special family keepsake or two. Do you want them dumped at a pawnshop or left to someone you care about? Or maybe you have specific requests regarding your final arrangements. A will often makes it easier for a family to resolve disputes and deal with your possessions, no matter how small your estate. Wills also tell the world what you wanted to be done with those personal possessions.
Couples With Children Should Consider Making a Will
Young couples are often advised that they should invest in a solid term life insurance policy, especially when having children. It is often suggested by financial advisors that one should purchase 10 times their annual income. While life insurance can provide an excellent source of reliable income in the unfortunate event that one or both adults in the home should die prematurely, it cannot set forth how matters will be handled.
Wills can be used to ensure proper distribution of cash savings as well as tangible property. Likewise, many people come to a marriage with special heirlooms that they may not want leaving their own family and ending up in someone else’s possession who is not a blood relation, such as pianos, jewelry, and so forth. A will can be essential in preserving these wishes. An Anchorage, AK probate lawyer can help you draw up a will that will stipulate exactly how you want your estate to be distributed.
Consulting an Experienced Attorney Is Your Best Choice
Alaska law has many complex and sometimes misunderstood rules that can lead to the invalidation of improperly drafted wills. Although there are many websites that claim that do-it-yourself wills are just as valid as wills that drafted by a qualified Anchorage, AK probate lawyer, there is absolutely no substitute for consulting with a skilled lawyer. Call Theus Law Offices to schedule a free and confidential consultation and find out how our firm can help. No matter how old you are or where you are in life, it is never too early to schedule a consultation to review your estate plan.