If you die without a will, the court will distribute your assets according to Pennsylvania law, which may be contrary to your wishes. For example, if you are single and die leaving three children, the Commonwealth of Pennsylvania dictates that your assets shall pass to your children equally. However, you may not want your assets to pass equally to your children, but instead may want one child to receive more assets than the other two children, since he or she has fallen on hard times. Without a will, you cannot ensure that the child who needs your help gets most of your assets upon your death.
You can appoint your executor in your will. The executor is the person who is responsible for administering your estate after your death and ensures that your assets are distributed according to your will. If you do not have a will, the court will appoint one of your heirs to administer your estate. The appointed administrator may not be the person you would have chosen.
While death is inevitable, the transfer of your assets upon death to your heirs does not have to be a nightmare. A will permits this process to proceed smoothly without adding stress on your loved ones when they are dealing with your loss. Call Marino Associates today to schedule an appointment — 215-462-3200.