istockphoto_2717109-book-and-legal-documentWhy Make a Will?
A will controls the disposition of property in your individual name upon your death.  A will also designates the individual who will serve as Executor.  An Executor typically is a trusted and mature individual who can assemble, administer and distribute assets of the estate.

A will also designates a guardian who will have physical custody of your children.

Is a Trust Better than a Conservator?
A will can designate a conservator who will have the duty to invest, manage and distribute money for your children. A better plan is to have a children’s trust in place in case both parents are deceased.  It is much easier to fund the trust and the trust avoids probate fees.

What a Will Does Not Do?
A will does not control the disposition of joint accounts, life insurance and retirement accounts.  Attorney Brewin provides advice as to the proper way to designate beneficiaries.

Review of Existing Wills.
A will should be reviewed at least every few years due to changes in the family, tax laws and the values of assets.