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Why Create a Will with Mattingly Ford?
We believe that thoughtful, well-planned wills and estates strengthen the families of Louisville and surrounding communities. With Mattingly Ford, your planning is more than dispersing assets and choosing beneficiaries. It is about providing protection, comfort and peace to those you love today.
Understanding Living Wills & Wills
A will is a legal document that gives you the opportunity to dictate how your estate should be settled in the event of your death. It gives you a say in what happens with the legacy you’ve worked hard to build. It can also specify guardianship for your children and even charitable donations. It’s not only about property; it’s about protecting the people you care about the most.
A living will is a way for you to specify your preferences for end-of-life medical care. It details the level of medical intervention you would or wouldn’t want if you became seriously ill. It’s a way for you to have a say in your medical care before a situation arises where you are unable to communicate your wishes. This also protects your family from having to make challenging decisions during difficult times.
3 Things To Know About Your Will
If you don’t have a will, or die intestate, the state of Kentucky will make decisions about your estate for you. When your estate enters probate, a legal process that determines how your assets are distributed to your heirs (including your surviving spouse and children), it will be up to the courts to determine how to distribute your assets. How this is done may not fall in line with your wishes, which is why it’s important to outline them in a will. There are many other reasons having a will is essential, including:
1.
You decide how your estate is distributed, including, keeping your assets out of the hands of people you don’t want to have them (like an estranged relative).
2.
If you have minor children, dependant adults, or even a beloved pet, you can identify who should care for them. Without a will, family members, in-laws or friends may fight over this. Ultimately, a judge will decide who cares for these loved ones left behind.
3.
Your careful planning means heirs will receive the assets you want them to have more quickly.
When you work with our experienced team to create your will, we will provide helpful advice on estate planning strategies. We understand how to navigate the legal system, and we can help you ensure your wishes are fulfilled. That’s why it makes sense to have a lawyer help you create your will. Remember, a will isn’t set in stone, and doesn’t take effect until your death. As your life circumstances and needs change, we can also help you update your will.
Why would you need to change or update your will? Major life events such as marriage, divorce, childbirth and inheritance may require updating your will. Some people never need to change their will, while others review and make changes regularly. Whatever your needs are, our team at Mattingly Ford can easily help you understand your options regarding this important subject.
“Emily Moore was very knowledgeable and took great time and care to understand our complicated situation for the Trust she prepared for my family.”
-Bhavna
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