The question always comes up as to when is it too late to have a Will and last testament prepared.
The answer to this question is that it is never too late to have one prepared.
A Will is a legal document that provides in clearly and unambiguous language exactly who is to receive your assets upon your passing.
This is absolutely key when it comes time for the administration of your estate upon your passing.
If for example you had several assets in your estate and there are multiple beneficiaries that believe that they are entitled to the assets of your estate then they will likely have to settle the issue in probate court.
Unfortunately, probate court can be very costly and in fact can prove to produce significant legal costs and expenses that could have so easily been resolved should you have created a Will and last testament.
Thus, it is really never too late to have your Will created properly so as to help your beneficiaries avoid legal expenses and fees upon your death.
One of the best places to start is to have a professional with the expertise in preparation of such legal documents prepare the document for you.
What this does actually is that these individuals are able to create your document with clear and unambiguous language.
This is very important because if for example you always intended to leave your car collection to your son, but you never wrote a will and then your brother now claims the full rights to the car collection.
The court will be left with the job of discerning your true intention upon your passing and thus ruling on the matter to determine who is to really receive the assets of the estate.