A will must be probated, however, resulting in some delay in the disbursement of assets. Also, your will becomes public record when it is probated. If your assets are sufficient to warrant it, and expediency and privacy are concerns, you may want to consider a living trust.
*”revocable” living trust means that you can revoke or change the terms at any time while you are alive.
Power of Attorney
A durable power of attorney allows you to appoint someone now who will take care of your financial and personal affairs if you become incapacitated in the future. Your family would otherwise need to go to court to have a guardian appointed, and that person would be answerable to the court. The person you name is called your attorney-in-fact, and has whatever powers you grant him or her in your will.
The Law Offices of W. Keith Williams, II has helped clients preserve wealth for future generations and plan for incapacity due to illness or failing mental health.