The conversation around death and the protection of your family is an uncomfortable yet crucial aspect to address. People tend to ignore the vitality of a will. However, what often goes unnoticed is how will document, all instructions regarding your assets, finances, and custody following your demise.
What is a Will?
Will is a legally binding document, which is effective following your death.
Your lawyer or a court order puts it into action. It also contains information about who will take care of your minor children if something happened to you.
Courts always prioritize having a parent as the custodian. However, if you have special requests that you would want the law to recognize, a Will can ensure their implementation. Death is unpredictable, and a legal document like a Will protects your child from uncertainty if it must happen.
You can collaborate with your lawyer and get started on framing it anytime.
How a Will help your child?
Will also ensure your legacy is passed on to whom you deem appropriate. In the absence of a will, the State law decides on how your property is distributed.
Typically, your assets pass on to your spouse or children. You should process an agreement to accommodate any special requests you might have.
The conservator of your child assumes control over your child’s finances and education until they come of age (18 years in most states). Suppose you wish a bank manages your child’s money matters and not the guardian. This can be facilitated with a will.
In the absence of a Will, spouse, or guardian, the state court decides who gets custody of your child.
The State’s court system considers the best interests of your child.
Suppose the child still has a biological parent. In that case, the court passes full custodial rights to them unless they are deemed mentally or physically unfit.
They can give custody to a third-party or a willing caretaker for the role of the primary caregiver. The judge observes the age of the child and the background of the single parent of the guardian.
How to frame a Will at a low cost?
Legal plans give you access to a network of lawyers at affordable rates to frame a Will. You pay nominal fees (between $25 to $49) and receive extensive coverage on all legal matters.
Moreover, you can access out-of-town attorneys and have them represent you in another state.
Receive legal services anytime during your membership without paying an additional retainer fee.
Reach out to legal plan representatives by simply filling out the form on our website.