If you do not have a Will when you pass away, any assets held in your name alone will be distributed in accordance with the Maine laws of intestacy. This may or may not reflect your wishes regarding the disposition of your estate. Carlin & Shapiro, P.A., can assist you with assessing your estate and with drafting a Will that is specifically tailored to your needs. There are many benefits to drafting a Will, including:
- Directing the distribution of assets that you hold in your name alone, and ensuring that assets are titled correctly so that they are not distributed contrary to the terms of your Will.
- Providing for a disabled individual by setting up a special needs trust.
- Nominating a guardian and/or conservator for a disabled individual or minor.
- Nominating a personal representative in the Will who will be responsible for administering your estate.