If a decedent fails to have a properly drafted will, the laws of intestacy will direct the court to pay out his or her assets according to degree or relation to the decedent. So, if you want to leave a sizeable bequest to the Humane Society or the ALS Association, you’d better write a check right now or put it in your will before you die. Otherwise, it may be just too late. There won’t be an option to do so if you pass without a will.
Likewise, if your only living relative is a cousin that gave you “snuggies” and “swirlies” (not enjoyable treatment and somewhat tortuous) as a kid, he may get a big payday when you die!
Speak to a qualified estate planning attorney and ask him or her to help you draft a will, create a trust, or whatever else you might need based on your specific circumstances.
