Will

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What is a Will? A Will is a legal document that outlines how your assets will be distributed upon your death. It allows you to name an executor to manage your estate, appoint guardians for minor children, and specify your final wishes. Without a Will, state laws determine the distribution of your assets, which may not align with your preferences.

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Common Questions about Wills​

1. Who should have a Will?

   • Almost every adult can benefit from having a Will. It’s a common misconception that only the wealthy or older adults need one, but the reality is that a will provides clarity and control over how your affairs will be handled, no matter the size of your estate. You should strongly consider having a Will if you:

     • Have minor children: You can name a guardian to care for them and manage their inheritance.

     • Own property or valuable assets: From real estate to personal keepsakes, a will ensures your property goes to the right people

2. Who can create a Will?

   • Any person aged 18 or older and of sound mind can create a Will.

3. What happens if I don’t have a Will?

   • If you pass away without a Will, your assets will be distributed according to state intestacy laws, which may not reflect your wishes.

4. Can I change my Will?

   • Yes, you can update or revoke your Will at any time as long as you are mentally competent.

5. How often should I update my Will?

   • You should review and update your Will after major life events, such as marriage, divorce, the birth of a child, or significant changes in your financial situation.

6. Can I name guardians for my minor children in my will?

   • Yes, you can and should name guardians in your will to ensure your children are cared for by someone you trust.

7. Can a Will prevent disputes among family members?

   • While a Will cannot guarantee harmony, it provides clear instructions that can minimize confusion and disagreements.

8. What assets can be included in a Will?

   • A Will can address personal property, real estate, financial accounts, and other tangible and intangible assets.

9. Can a Will include funeral instructions?

   • Yes, you can include your preferences for funeral arrangements.

10. What is the role of an executor?

    • The executor is responsible for managing and distributing your estate according to your Will, including settling debts and filing necessary paperwork.

11. What makes a Will legally valid?

    • A Will must comply with all Delaware laws and be properly signed, witnessed and notarized to be legally valid.

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