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What is a will?

Mar 20, 2020

Paul S. Labiner

Paul Labiner

Managing
Partner

A will is the document you create that outlines how, when, and to whom you want your assets and property to be distributed upon your death. Importantly, it also designates a personal representative who will be responsible for distributing your assets and administering your estate.

For young parents and couples, a will can also be used to appoint a guardian for their minor children and a trustee to manage the children’s money until they are old enough to handle it themselves.

A will cannot do everything, though—there are certain limitations. A will works in concert with your other basic estate planning documents to create a fully functioning estate plan. A will only becomes effective upon your death, and after it is admitted to probate.

Get Help Today

The emotional and logistical stress of losing a loved one can be intense. The last thing you want to do is put an additional burden on your family by improperly planning for the administration of your estate. We want to try to make the estate planning process as simple and stress-free as we can. Call (561)998-2362 or click the button to schedule a free Financial Legacy Review online now.

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In Case You Missed It...

Check out these other great and informative FAQs on estate planning, wills and trusts, wealth preservation, and more.

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