Whether you are single, married or widowed, have a young growing family or are retirement age, your will lets the people you love know your wishes. Without a will, all your worldly possessions will be distributed according to a predetermined formula devised by your state’s government.
Additionally, without proper planning of your estate, your loved ones may face significant federal estate taxes. Even if you have a will, periodic reviews are important. Federal and state law changes may occur. A move to another state may require a change in will language even though your objectives may not have changed. It is also possible that a beneficiary’s circumstances may have changed – or, a beneficiary may have even passed away. There are a number of reasons you may
want to periodically review your will and an attorney can tell you whether it needs updating or not.
If you are considering a gift to St. Paul you may want to consider making the gift through your will.