FALL 2001 page 4 of 4

Everyone needs a will A will is a legal document a person uses to control how their personal and financial matters will be handled upon their passing. Dying intestate, without a will, may lead to very serious consequences. It permits the state to decide which heirs will receive the estate’s assets and under what conditions. Dying intestate may fail to protect a surviving husband’s or wife’s interests, or enable the government to appoint who it wants as children’s guardians or trustees. It may also levy greater taxation on an estate’s assets. If you answer “No” to any of the following questions, an attorney can help with your estate planning and will. Do you have a will? Is your present will up-to-date? Do you know how much tax will be imposed on your estate? Have you planned strategies to reduce your estate taxes? Is there any plan in place to pay estate taxes without selling property you wouldn’t want sold when the estate is settled?

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