Why Do I Need a Will?
A will is a fundamental estate planning tool that allows you to decide how your assets will be distributed after your death. Regardless of whether you have considerable assets or you feel like you have nothing, having an up-to-date will is extremely important. If you don't make certain choices in writing, others will have to make them for you after you pass away, and the outcome may prove to be troublesome or disappointing for your loved ones.
At Godbey & Associates, our attorneys will take the time to understand your personal finances, your family's needs and your health care preferences in helping you prepare or update your will as part of your estate plan. The purpose of the plan is to make sure that important family needs are met, and that your choices are honored in the future, leaving no room for unpleasant surprises.
Guidance on How to Update a Will in Ohio
Many people have wills that have become outdated. In some cases, wills are decades old and do not cover all the issues that would matter if you were to die today. For example:
- Children or grandchildren may have been born since the will was prepared.
- A person named as an executor in your will may have passed away, or your relationship with him or her may have changed.
- You may have been divorced, remarried or widowed in recent years.
- Your assets may have increased or diversified.
- Health needs in the family may have changed since the will was drafted.
- Guardianship arrangements for your children may not be clear.
A hole in your will can leave your family vulnerable in the event of your death or incapacitation. If you are wondering whether your will needs to be updated, our attorneys can help. We recommend that you review your documents at least every two years to make sure they still reflect your wishes and needs.
Contact a Cincinnati Will Formation Attorney
The attorneys of Godbey & Associates can help you create or update your will in order to protect your family, safeguard your assets and provide important tax protections. Contact us to consult a lawyer who can review your documents and advise you on your options.