Banner
  • Revenue Cycle Management
  • COVID-19
  • Reimbursement
  • Diabetes Awareness Month
  • Risk Management
  • Patient Retention
  • Staffing
  • Medical Economics® 100th Anniversary
  • Coding and documentation
  • Business of Endocrinology
  • Telehealth
  • Physicians Financial News
  • Cybersecurity
  • Cardiovascular Clinical Consult
  • Locum Tenens, brought to you by LocumLife®
  • Weight Management
  • Business of Women's Health
  • Practice Efficiency
  • Finance and Wealth
  • EHRs
  • Remote Patient Monitoring
  • Sponsored Webinars
  • Medical Technology
  • Billing and collections
  • Acute Pain Management
  • Exclusive Content
  • Value-based Care
  • Business of Pediatrics
  • Concierge Medicine 2.0 by Castle Connolly Private Health Partners
  • Practice Growth
  • Concierge Medicine
  • Business of Cardiology
  • Implementing the Topcon Ocular Telehealth Platform
  • Malpractice
  • Influenza
  • Sexual Health
  • Chronic Conditions
  • Technology
  • Legal and Policy
  • Money
  • Opinion
  • Vaccines
  • Practice Management
  • Patient Relations
  • Careers

Do you need help creating a will?

Article

My wife and I are in our early 30s and don't have children or many valuable assets yet, but we know we should have wills anyway. Do we need to hire a lawyer?

My wife and I are in our early 30s and don't have children or many valuable assets yet, but we know we should have wills anyway. Do we need to hire a lawyer?

You don't need an attorney's help to craft a simple will that distributes a home, savings and investments, and other basic personal assets directly to your heirs. But you'd be wise to get help if either of you owns a medical practice (or other small business) and you're not sure what surviving owners may be entitled to or how to pass along your ownership share. Ask an estate planning attorney to review or rewrite your will if you have children and your estate grows to more than $2 million (the 2008 exemption amount). Under those circumstances, you might choose to set up trusts for the kids or to reduce estate taxes. Also get legal help if you're facing other potentially complicated issues, such as disinheriting relatives who might contest your will or making arrangements for a loved one's long-term care.

Related Videos