Last Will and Testament
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A Last Will and Testament, commonly referred to simply as a “Will,” is a written declaration of a person’s intentions for the distribution of his or her property upon death. A Will directs how and to whom a deceased person’s property is to be distributed and is often the cornerstone to a Pennsylvania estate plan. A Pennsylvania Will can be changed as often as necessary during your lifetime.
Advantages to Having a Will in PA
There are many advantages to having a Will in Pennsylvania.
A properly executed Will serves as legal assurance that your personal wishes for asset distribution will be honored, including specific bequests and disposition of the remainder of your estate.
If you die without a Will in Pennsylvania, PA state law will dictate how and to whom your properly is distributed, and the assets may pass to those you do not intend to benefit. For example, if a husband dies without a Will in Pennsylvania, and he is survived by his wife and children, the surviving spouse will only get the first $30,000 plus one-half of the balance of the husband’s intestate estate.
Why Hire a Pennsylvania Will Lawyer?
Lawyers who regularly handle Pennsylvania estate planning and Will drafting can prepare a comprehensive Will document that carefully considers many issues. For example, most people who decide to prepare their own Will may not fully understand the impact of federal and PA state taxes.
For those with minor children, a trust should be carefully considered since passing assets outright to minors may lead to the child or children having full access to the estate when they reach the age of 18. Most “canned” Wills do not provide trust provisions. The cost to have a Pennsylvania Will lawyer prepare a proper Will is well worth the peace of mind that will result.
What is the Cost to Prepare a Will?
Our experienced Will lawyers usually charge a flat fee for preparing a Will along with your other estate planning documents, such as a Durable Power of Attorney and an Advance Health Care Directive (Living Will and Medical Power of Attorney). Our Will lawyers’ fee structure typically depends on whether tax planning must be incorporated into the Will. If not, preparing a “simple” Will by one of our experienced Montogmery County, PA Will lawyers is fairly inexpensive. Your Will lawyer will provide you with a quote during your free case evaluation.
Contact A Will and Testament Lawyer in Pennsylvania
The experienced Pennsylvania Will lawyers at The Martin Law Firm have drafted hundreds of Wills for individuals, couples and families throughout Pennsylvania. Your Will deserves expert advice and trusted counsel from an experienced Pennsylvania Will lawyer. Creating a Last Will & Testament is important to protecting your family, streamlining the PA probate and estate administration process, and preserving your family’s wealth. Contact a Will lawyer at The Martin Law Firm today at (215) 646-3980 to schedule an estate planning appointment.
Our legal team provides individualized legal solutions for our clients by offering high quality legal counsel and representation in diverse areas of law. Our attorneys regularly represent clients throughout Southeast Pennsylvania, including Montgomery County, Bucks County, Chester County, Delaware County, and Philadelphia County.
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