Are there any advantages to having a will over an intestate succession?
Having a will over an intestate succession does have some advantages. With a will, you have the power to decide who gets your property after you die. This means that you can create a plan and make sure that your property is distributed in the way that you think is best. In Washington, when you pass away without a will, your estate is distributed according to the laws of intestate succession. This means that the state will determine how the estate is divided, and there is no guarantee that your wishes will be followed. In addition, if there are any disputes, the court will make the final decision, not you. Another advantage of having a will is that it can help to reduce taxes and other costs associated with the estate. With a will, you can make sure that your estate passes to the right people and that taxes and other costs are minimized. This can be beneficial to your loved ones, especially if you have a large estate. Finally, having a will can give you peace of mind knowing that your wishes will be followed after you’ve gone. Knowing that your estate will be distributed in the way that you wanted can provide comfort and security at a difficult time. In summary, having a will over an intestate succession can provide advantages such as avoiding disputes, reducing costs, and providing peace of mind. It is important to seek advice from an attorney when making any decisions about your will.
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