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Estate Planning Archives

Can I write my own will?

Some people in Rhode Island choose to write their own wills to save money on legal costs. While there are numerous DIY estate planning tools available, creating your own will can end up costing you and your family both money and time in the long run. The Balance offers the following insight, which might make you think twice before creating your own will.

Adding and removing beneficiaries from your will

When it comes to your will, you may have many different things to take into consideration. However, the way in which you divide your assets among loved ones is a crucial part of your will and our law office also realizes that this can be an especially difficult aspect of estate planning. For example, you may be uncertain of the best way to distribute assets among heirs and things may change in your life, causing you to rethink how you have set up your will. When this happens, you may even want to add or remove beneficiaries from your will.

Estate planning is for everyone

Creating an estate plan is not just for elderly or wealthy individuals. Even young individuals with a relatively small savings account can benefit from creating an estate plan. This plan can help you control what happens to you and your assets if you become ill or when you pass away.

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