It's National Make a Will Month!

Did you know that August is National Make a Will Month? In the spirit of this month, our Camden County attorneys are here to give you a few reasons why it's so important you have a will. If you don't already have a will and would like an experienced attorney to draft one for you, call Phillips, McElyea, Carpenter, and Welch at 573-346-7231.

Who Has a Will?

Ages                 % of people with a Will or Living Trust

18-36                22%
37-52                36%
53-71                60%
72 and older     81%

Source: Central Trust Company

According to the data listed above, you can see that a trend has come about. The older the person, the more likely they are to have a will. However, the reality is that no one ever knows when they will pass away, you could be 20, you could be 82. The point is to prepare no matter what, so you can ensure your assets are passed to whom you want them to be passed to.

Why Is It Important to Have a Will?

Ensure Your Children Are Taken Care Of By Someone You Trust

In your will, you can name a guardian. This is the person who would get custody of your minor children in the case that you and your spouse pass away before they turn eighteen years of age. This may be one of the most important reasons to have a will because you decide who raises your kids. Choose someone who would respect your ways.

Decide Who Gets Your Assets

Do you own a house, a car, land, vacation properties, or important family heirlooms? Without a will, you don't decide who your valuable assets will go. Ensure ownership of your property goes to who you want it to go to.

Protect the Transition of Your Business

Setting up a trust can be one of the best ways to protect the transition of your business and ensure that it is left in good hands, but you can also set up a will for it as a backup plan.

Make the Transfer of Your Estate Easier on Your Loved Ones

Losing you will already be hard enough on your loved ones. Prevent them from having to go through probate court and go through a ton of paperwork. Draft a will and make your wishes known.

Have Phillips, McElyea, Carpenter, and Welch Draft Your Will

Our experienced estate planning attorneys at the Lake of the Ozarks are here to help you with this important process. Avoid the negative consequences of not having a will and make your wishes known. If you don't have a will already, now is the perfect time to have one drafted. It is Make a Will Month and we are ready for you, not only this month but any month of the year. For a free consultation, give us a call today at 573-346-7231.

Law Offices of Phillips, McElyea, Carpenter, & Welch, P.C.
The choice of a lawyer is an important decision and should not be based solely on advertising. When you need a knowledgeable attorney, we invite you to contact us to set up a consultation. Evening and weekend appointments are available. We have access to interpreters.

We accept Visa, MasterCard, and Discover.

85 Court Circle N.W., P.O. Box 559
Camdenton, MO 65020   GET A MAP
(573) 346-7231 - Telephone
(888) 236-2485 - Toll-Free
(573) 346-4411 - Fax


Popular posts from this blog

Pumkin Chunkin Palooza Will Be Here Soon!

The 33rd Annual Fall Harbor Hop is Coming Up!

How to Keep Your Divorce From Becoming Even Worse