The Will – Your Basic Estate Planning Tool
A will is a written document that provides basic directions as to how you would like your property to be handled and distributed when you pass away.
If you die without a will, your property will be distributed in accordance with your state’s intestacy laws. In some cases, the state will collect fees from the estate for having to manage these issues (which means less property for your surviving family members). Additionally, some states have predetermined formulas for how much property goes to certain family members (e.g. 50% to the spouse, 50% to any children); this can create unnecessary problems within the family. Don’t let this happen to you.
At Holloway Law, you get more than just a will.
A properly drafted will makes it clear how your assets should be handled, and who gets what. This is a good start, but it’s not enough. The core of any estate plan is good communication. That’s why Holloway Law will do more than just write your will. We will invite you and your family–or anyone else who you choose to have in your will–to have a conversation about your estate plan. This is a chance for everyone to get on the same page while you’re still alive, and it can help prevent costly family disputes in the future.
More information about wills in Delaware.
More information about wills in New Jersey.