Do You Need A Will? Brian O’Connell Estate Trial Lawyer West Palm Beach Says Yes – For These Five Reasons

Brian O'Connell Trust Trial Lawyer West Palm Beach

January 15, 2021

Do You Need A Will? Brian O'Connell Estate Trial Lawyer West Palm Beach Says Yes - For These Five Reasons

Brian O’Connell Estate Trial Lawyer West Palm Beach Explains Why A Will Matters — No Matter What Your Age

 

Imagine: the unexpected occurs, and you pass away suddenly. Who gets your stuff? Brian O’Connell estate trial lawyer Palm Beach says that as soon as you start collecting a steady paycheck (or have other significant assets or sources of income), it’s time to be sure that you have a will explaining how you’d like your assets to be divided in the event of your untimely demise.

 

What Is A Will?

Simply put, a will is a document that explains your wishes for how you’d like your assets and property to be divided, according to Brian O’Connell estate trial lawyer Palm Beach. Without a will, the state will decide who gets your things.

 

If you’re young and single, it may feel strange to think about who would get your belongings if you pass away. You may want to name a close relative or friend as the person who should receive your property in your will. If you’re not sure who should be named in your will, it’s a smart idea to talk with a lawyer to help you make a smart decision, according to Brian O’Connell Estate Trial Lawyer West Palm Beach.

 

Brian O’Connell On Why Young People Need Wills

If you’re married, have kids, or have a positive net worth, you need a will. If you’re young, single, don’t have any kids, and have a negative net worth (for example, lots of student loan or credit card debt), you may be able to get away with skipping the will for now.

 

In the event that you pass away, your assets will likely be passed on to your spouse, but Brian O’Connell Estate Trial Lawyer West Palm Beach says you don’t want to leave this to chance. Naming your spouse — or your kids — in your will is a smart move to ensure that your assets are distributed according to your wishes.

 

Setting Up Your Will: How To Start

Simply writing down who should get your things isn’t enough, according to Brian O’Connell Estate Trial Lawyer West Palm Beach. You’ll want to reach out to a professional to get your will set up. Brian O’Connell estate trial lawyer Palm Beach says that a real estate lawyer will be able to ask you questions you haven’t considered and ensure that your will is legally sound and will be respected in the event of your death.

 

Brian O’Connell says that it’s common to feel apprehensive about setting up a will, but doing so is a positive sign. According to Brian O’Connell Estate Trial Lawyer West Palm Beach, the creation of a will signals that you’re in the process of building positive wealth for your children — and their children.