The possible consequences of choosing not to create a will

On Behalf of | May 20, 2020 | Blog

Many individuals in Nevada and across the nation may have an idea of what they wish to happen to their assets after they pass on. However, some may have yet to put their wishes and preferences down in writing. While it might be difficult to consider, knowing what might happen if one passes away without creating a will could help place many individuals in a better position to begin working on a strategy to protect their future interests.

When a person passes away without creating a will, state laws dictate the manner in which his or her assets will be distributed. With individuals who owned property in multiple states, such a process could be somewhat complex, as each asset may be handled in accordance with the laws of the state in which the property is located. However, here are certain factors that could influence what takes place during a similar circumstance.

The variables that could impact such a process could range anywhere from the presence of a spouse, children or even in some cases a domestic partner. Without a will in place, a person may have little to no control over the manner in which his or her assets are divided. As such, those who have preferences concerning such a process may find it advisable to consider seeking advice on the steps to take to help safeguard their wishes.

Those who wish to protect their interests by creating a will but remain uncertain how best to approach the process could find it helpful to speak with someone with experience in such matters. An estate planning attorney can examine a person’s wishes and concerns and provide much needed insight in making informed choices about the future. This type of advice could help a person in Nevada better prepare to pursue peace of mind by creating a strategy to safeguard the interests of his or her loved ones.