PMCW Law

Stereotypically, estate planning is something most people don't think about until they're in their mid-late fifties (or older). After all, estate plans only come into effect once someone dies - it's unnecessary for younger adults to spend time on something that likely won't be needed until much later, right? Wrong. While we hope every person lives a long, fulfilling life, it is impossible to predict when tragedy may strike. Lives are ended prematurely far too frequently. Sometimes, someone's life may not be officially over , but a traumatic brain injury or other tragic accident may drastically limit or impede his ability to make decisions and function on his own.  In any of these situations, having an estate plan already established makes a huge difference. Because it is impossible to predict when these situations may occur, it is important to build an estate plan sooner than later. The attorneys at the Law Offices of Phillips, McElyea, Carpenter, & Wel...

Wills and testaments are important documents that dictate what will happen to your property and assets after you pass away. If you die without an effective estate plan, your assets may have to undergo a lengthy probate process before they can be distributed to your surviving heirs - and even then, you can't be sure that they will be divided according to your wishes.  Establishing a will ensures your assets will pass in accordance with your wishes.   Of course, wills are not passive documents that can be written and then forgotten. There are several common life occurrences that can be cause to update your will. Today, the team at the Law Offices of Phillips, McElyea, Carpenter, & Welch, P.C. are here to help examine a few of them. 5 Reasons To Update Your Will 1. Getting Married Or Divorced. Chances are your marital status will greatly impact whom you would like to inherit your assets. If you are single with children, you may wish your assets to be passed direc...