One of the most important things an individual can do to plan for their future and the future of their estate is to create a will. There is a common misconception that people don’t need a will until they are older or until they have acquired a lot of assets. However, this is simply not true. A will should be created at a young age because it can be modified over time. Even if the only asset an individual has to their name is a car, for example, it should be included. That way, the basis for a will is already set in stone and as more assets are acquired over time, they can be added to the document.
It is also important to note that wills should be updated any time the individual goes through a major life event. For example, if an individual creates a will as an unmarried person, they may want to update it to include their spouse if they get married in the future. The same thing goes for each time the individual has a child. It is important to note that if a married person gets divorced, they should be sure to update their will so their ex-spouse does not inherit their belongings.
If you need help creating a will, contact our firm today.
Working with an experienced estate planning attorney, such as Jaci Feldman of the Woodland Hills, California, Law Office of Yacoba Ann Feldman, will ensure that you are taken care of when you need it most. Contact The Law Offices of Yacoba Ann Feldman for a consultation today.