There are many reasons that Illinois residents and others tend to avoid discussions about end-of-life topics. This avoidance often causes procrastination when it comes to writing a last will and testament. In fact, some people even believe that executing a will invites an early death.
It is, of course, inevitable that everyone will die some day. There are many benefits to devising a strong estate plan that includes a last will and testament. It is never too soon to do this, but it is sometimes too late. A person who wishes to execute an estate plan must be of sound mind to sign the documents, so waiting too long can create legal problems.
If a person dies without a will, intestacy laws determine how his or her assets are distributed. Succession laws vary by state, but most states require that a last will and testament must be signed by the estate owner, and that it must be dated. There are also typically laws in most states about having witnesses to the signature.
Signing a last will and testament is a practical way to guide the transfer of sentimental or financially valuable assets and property to another person or people. It is also a means of helping loved ones avoid family drama and legal complications after a death. An experienced Illinois estate planning attorney can explain the process and can make recommendations about wills, trusts and other documents to help an estate owner make sure that his or her assets, property, business interests, etc., all go where he or she would like to them to go when the time comes.