What Is a Will?

A will is a legal document that allows you to designate where your assets will go when you pass away.

When you’re alive and in good health, you have control of your life and your money. But when you pass away, you no longer have a say as to what happens to your money… unless you have a will. By learning about a will and creating one with the help of a family lawyer, you can ensure your assets are distributed how you want after you die.

The Definition of a Will

A will is a legal document that stipulates how your assets, like your bank account funds, investments, home, and your vehicle will be distributed once you die. Typically, many people will name their spouse and children in their will, or, if they don’t have family, they may give their money to a friend or charity.

Why a Will Is Necessary

If you do not create a will, then the state will take over once you die, which can lead to a whole slew of issues, especially amongst family members. Additionally, siblings and other family members may fight over who gets what, which could greatly harm their relationships. Your money could also go to someone you don’t want, like a family member who has not been kind to you. With the help of a family lawyer, you can also figure out ways to avoid costly taxes so that your heirs get as much as possible.

Contacting Richard P. Arthur for Help Creating a Will

Richard P. Arthur, Attorney at Law, can help you create a legal will that will protect you and your family. All you have to do is call 937-254-3738 for a consultation. He has nearly three decades of experience advocating for families in Dayton, Trotwood, and Montgomery County and he’s ready to assist you as well.