No one likes to think about death, but it is a reality that we all have to face at some point. When you die, what happens to your assets? If you don’t have a will in place, the answer may be very different than what you would have wanted. Probate is the legal process of settling an estate after someone dies. It can be a long and complicated process, and often times assets are not distributed according to the wishes of the deceased. That’s why it’s so important to have a will and probate solicitor help you protect your assets. In this blog post, we will discuss the importance of wills and probate and how they can help ensure that your assets are distributed according to your wishes.
When you die, your assets will be distributed according to the laws of intestate succession. Intestate succession is the order in which your assets will be distributed if you don’t have a valid will in place. In most states, your spouse and immediate family members will inherit your assets first. If you don’t have a spouse or children, your parents, siblings, and other relatives will inherit your assets. The distribution of assets can get very complicated, especially if you have a large family or if you are estranged from certain family members. A wills and probate solicitor can help you navigate the intestate succession process and ensure that your assets are distributed according to your wishes.
If you have minor children, it is especially important to have a will in place. If you die without a will, the court will appoint a guardian for your children. The guardian may not be someone you would have chosen, and they may not make decisions in the best interests of your children. A wills and probate solicitor can help you choose a guardian for your children and create a plan for their care if something happens to you.
Importance of creating a will
Creating a will is one of the most important things you can do to protect your assets and ensure that your wishes are carried out after you die. A will allows you to choose who will inherit your assets and how they will be distributed. Without a will, the distribution of your assets will be decided by the court, and it may not be what you wanted.
What is probate?
Probate is the legal process of settling an estate after someone dies. The probate process can be very complicated and time-consuming, and it is often handled by a wills and probate solicitor. Probate can be used to distribute assets, pay debts, and settle disputes. It can also be used to appoint a guardian for minor children.
How can a wills and probate solicitor help you?
A wills and probate solicitor can help you create a valid will that accurately reflects your wishes. They can also help you update your will as your life circumstances change. It’s important to review your will periodically to make sure it still accurately reflects your wishes. If you have major life changes, such as getting married or having children, you should update your will to reflect those changes.
If you are looking for a will and probate solicitor UK, contact Freeman Jones Solicitors today.