Wednesday, January 25, 2012

Do You Have a Will?

I know this is a Kansas City bankruptcy blog, but I find this topic so significant that it needs to be discussed here.  In conversations with family, friends and clients over the last few months it has become apparent that many individuals have never had a will drafted, even if they have spouses and/or children.  If you own a home, a car, or have a bank account you should have a will.



Many people are unaware that if you do not have a will most of your assets will pass to your heirs through a statutory process known as "intestate succession".  For example, in Kansas if you are married with children and do not have a will, half of your property will pass to your spouse and the other half will pass to your children.  If you do not have a living spouse or children, Kansas law would pass the property to other more remote relatives.  If you have no heirs in Kansas, your property would revert to the state.  Also, without a will in Kansas, the Court will decide who administers your estate and who would serve as guardian of your minor children.  For more information I suggest you review the Kansas Bar Association's webpage on wills at:  http://www.ksbar.org/public/public_resources/pamphlets/important_will.shtml

I have significant experience drafting wills and would be more than happy to meet with you for a free initial consultation.  I can ensure that your assets go where you want them to go and that any children you may have are taken care of by your selected guardian.  I am able to draft wills in both Kansas and Missouri.  Even if you have a will, I suggest it be reviewed if there have been changes in your family, finances, state of residence, or your intentions.  For more information please visit my website at http://www.thesmalleylawfirm.com

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