Are there any advantages to having a will over an intestate succession?

Having a will over an intestate succession has some major advantages in South Dakota. A will allows you to decide who will receive your assets in the event of your death. This allows you to gift specific items to your loved ones and plan for specific distributions that would not be possible with an intestate succession. Furthermore, if you have minor children, you can designate guardianship in your will to ensure that your children are taken care of by the appropriate individuals. Additionally, a will can help reduce the amount of taxes owed by your estate and minimize any potential litigation over your assets. Having a will is especially important if you have a complex estate or own multiple properties or businesses. An intestate succession is determined by state law, which can often create undesired outcomes and cause financial issues. Having a will allows you to account for all of your assets and ensure that your wishes are followed. Finally, having a will ensures that you have control over your assets and can avoid costly legal fees and delays. An intestate succession can be complicated and can take a long time to sort out, whereas having a will allows you to easily transfer your assets to the designated people or organizations. Thus, having a will is beneficial in South Dakota, as it allows individuals to have better control over their assets and ensure that their wishes are followed upon death.

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Are there any advantages to having a will over an intestate succession?

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