Older employees often think about the pension and the property they leave behind to the beneficiaries. A simple will is usually one of the first things that comes to mind when deciding what to do. But even a simple will can be a complex process, and it requires careful thought.
The basics of a will
It is a legal document that sets out a person’s wishes regarding their property and the guardianship of their children in the event of death. It is essential to draw up a will so that assets are properly distributed when a person dies, and the individual’s loved ones are properly cared for.
As an estate planning tool, a simple one will leave clear instructions about who inherits what. The document does not have to be long; six pages is enough for most people, and group legal plans offer drafting as a prepaid option for legal services.
Vital information is required
There are some necessary documents that a person needs to have before creating a will.
- Full legal name
- Social security number or social security number
- List of all assets
- Names and contact details of any beneficiaries who will be included in the will.
The simple will is important in estate planning because it helps avoid probate fees, protects estate assets from creditors, can lower inheritance taxes and provide other instructions. It’s a process that can provide peace of mind, but this is not something for an amateur to write.
The challenge is that anyone who is not familiar with probate law can make mistakes. There are templates on the Internet, but not all of them can meet the specific needs of an individual. Choosing a good executor is crucial because that person will pay all estate bills and ensure that the distribution of assets is in line with the wishes of the deceased. Nationwide prepaid legal services allow group law members to have an experienced professional write.
Experienced lawyers do their best
Our national network of attorneys ensures that there is one in the community for every nationwide client. Our plan members receive priority status and can easily contact a nationwide attorney. This legal expert is familiar with state probate law and writes a document that complies with current law.
A nationwide lawyer also advises on how to choose an executor. All questions are answered and a plan member is allowed an unlimited number of phone calls to the attorney on specific issues. Additionally, the nationwide attorney may make phone calls or write letters on legal letterhead to obtain information if additional information is required.
Regular review is helpful
Situations change as the years go by, and beneficiaries may need to be added or removed from the will. Countrywide helps people by reminding them annually to look at their will to see if any changes need to be made.
The class member can then contact the nationwide attorney and have these changes made. There is no need to create a completely new document when an organization is connected to Countrywide Pre-Paid Legal Services.
The plan is a collaboration
We work together with a client to develop a class action plan that meets the needs of the employees. All of our prepaid legal services are explained to a potential client, and their management determines which options will be included in the final plan document. We do not push one benefit over another and let the decision makers choose. Nationwide will provide administration and membership services.
Employees appreciate the help with their overall estate planning. The simple will is a cornerstone of such business, and lawyers nationwide draft airtight documents. If you would like to know more about this service or other class action plan options, please contact us as soon as possible. We are ready to answer any questions.