Wills are Critical for Estate Planning

Serving Central Pennsylvania, Including York, Shrewsbury & Mt Wolf

 

York Will Attorney

Will are critical for making sure the right people receive your assets.

The will is the most basic and important part of estate planning. There are many people who believe they do not need wills, either because they use other forms of estate planning or because they believe they will not leave enough to require one. But the reality is that everyone needs a will. Let the York will drafting lawyers at Hoffmeyer & Semmelman help you protect your family. Contact us today about making certain you have the right will for your needs.

Wills Address Unique Issues

Even if you do not have a large number of assets to pass on to your family members, it is likely that you still have some. Without a will, your assets will pass through intestacy. This means that instead of you deciding where your possessions go, the government will do so. In addition, your family may be required to put your estate into probate, regardless of whether they would otherwise have needed to do so. If you have a simple estate and can, through use of a will, avoid probate, you may save your family a substantial amount of money. Even if your will does need to go through probate, creating a one can help you minimize financial liabilities and avoid family arguments.

In addition, wills can address unexpected issues such as: What happens to your pets, who manages your social media accounts and who gets certain unique items that are special to them. Wills make it easier for your family in a time of grief to make certain that they know your wishes and are able to obey them.

Dying Without a Will – Pennsylvania Intestacy

If you die without a will, all of your assets pass under the Pennsylvania Laws of Intestate Succession. Intestacy laws determine the order and amount in which your family members will take your assets when you pass away.

  • Spouse, no parents or children:  Your spouse inherits everything.
  • Spouse, parents, no children: Your spouse will be entitled to the first $30,000 of your estate plus one half of any amount remaining. Your parents will receive one half of the remaining estate.
  • Children with your spouse: If you have children who are also the children of your spouse, your spouse receives the first $30,000 of your estate and one half of the remaining amount. Your children receive the other half.
  • Children not with your spouse: If you have children who were not the legal children of your spouse, then the surviving spouse receives one half of the estate and the children inherit everything else. The spouse loses the initial $30,000 in that case. The law takes away the extra $30,000, because there is a legal assumption that your spouse may not care for children that were not theirs. It does not matter how close a relationship your children have with your spouse.
  • Parents, no children or spouse: The parents inherit everything.
  • Siblings only: If you have siblings but no spouse, children or parents, your siblings inherit everything.

No Will can Create Problems for your Spouse and Loved Ones

As you can see, if you are married and expecting your spouse to get everything, but you predecease your parents, your spouse will be in for a nasty surprise when s/he receives only a portion of your state. Also, keep in mind, in all of these scenarios, if you have a romantic partner who you would like to inherit your assets, but you do not have a will and that person is not your legal spouse, that person will not inherit anything. Nor will your friends inherit any special items you might desire them to have, without a proper will. The key thing to remember is that if you do not have a will, you lose control over where your assets go.

Already Have an Estate Plan? You Still Need a Will

If you have an estate plan but that plan does not include a will, you should get a will as soon  as possible. The reason for this is that a will can catch any items you may not have addressed in your estate plan. For example, if you have a number of antiques that you would like specific people to have, you can address those specific bequests in your will. Also, if you obtain any new possessions that are not otherwise addressed in your estate plan, a will can be written in such a way that it will address any future acquired possessions. This way, if you pass away unexpectedly, everything will still be covered.

Contact Us to Write or Review Your Will

Will Signing at Home

If you are unable to travel to sign your will, we may be able to come to you.

Whether your estate is small and straightforward or large and complex, the York estate lawyers at Hoffmeyer & Semmelman have the experience to address your needs. With offices in York, Shrewsbury & Mt Wolf, we are convenient to central Pennsylvania. And if you are unable to travel, we offer home visits for will signings. Contact us today at 717-846-8846.

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Wills are Critical for Estate Planning
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Wills are Critical for Estate Planning
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Wills are a critical part of any estate plan. Whether your estate is small or large, everyone needs a will.
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