Available for Interviews: Jason Smith
There are many nuances to wills that people are not knowledgeable about. Unfortunately, not being in the know can affect the owner(s) of a will’s objectives and their intended beneficiaries.
Jason Smith, Estate planning attorney and Elder planning attorney is available to talk about this story.
Some key Points That Jason Smith
Can Expand On in an Interview on Wills:
It is surprising to know that many people don’t have a will or don’t think they need one. Everyone should have one. Your final wishes may not be carried out, nor will your hard-earned assets go to the ones you want them to without one. Here are the basics:
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- It is a common myth that if one doesn’t have a lot of money, he or she does not need a will—untrue! Besides finances, other issues are that are important to you are outlined in your will.
- Half of one’s assets will go to his or her spouse.
- Half of one’s assets will go to his or her children. If they are minors, a court-appointed guardian that will take a fee, will need to file annual reports, and more.
- A healthcare proxy are necessary so that others can make medical decisions on your behalf, should you not be able to.
- Living Will is necessary. For example, should you not want to be kept alive if you are in a permanent unconscious state, you need a Living Will.
- A Durable power of attorney is important so that your spouse can handle your affairs in the unfortunate event that you become incapacitated.
- If you have young kids and no will, you are in trouble!
- When there are minors involved, you must have a guardian appointed or the court will appoint one for you. If you don’t, you may not like who the court chooses as your children’s guardian. This guardian will require a fee from the assets you had. Annual reports must be written.
Knowing the basics about wills is helpful before speaking to an estate attorney. Interview Jason Smith to expand on these talking points and go deeper into the intricacies of estate planning so that you can position yourself and your assets exactly the way you wish.
Interview: Jason Smith.
Contact:
Jo Allison
Managing Editor
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