Last Will and Testament
An estate planning lawyer who is ready to help
One of the most basic components of an estate plan is the last will and testament (or simply “will”). It’s a legal document that determines what will happen to your property after you die. There is a lot to think about when creating a will. Hongo Law Office, LLLC can help you create a last will and testament as part of a comprehensive estate plan.
Attorney Yuka Hongo helps clients in Japan and Hawaii create estate plans that meet their needs and prepares their families for the future. Fluent in both Japanese and English, she helps clients overcome language and cultural barriers to make sense of estate planning and guides them through the process every step of the way.
Helping you plan your legacy
A will lets your wishes be known. Without a will, your property will be distributed in accordance with the state’s intestacy laws. Your assets will be inventoried as part of the probate process, and a court will decide how they should be distributed, with priority given to surviving spouses and children.
There are some advantages to having a will. You can direct how your assets should be distributed and who the beneficiaries will be. You can arrange for some of your assets to be put into a trust after you die. You can appoint guardians for any minor children you have. And it can help reduce stress for your loved ones after you are gone.
But there are also some disadvantages. A will still must go through the probate process. Creditors can make claims against your estate. The will can be challenged. There can be tax implications, as well as court costs and attorney’s fees. The will also becomes part of the public record, available for anyone to see.
A will itself can be a fairly simple document. You, as the testator, list all of your assets. You include your beneficiaries and leave instructions about which assets you want them to receive. You name a personal representative to distribute your assets in accordance with your wishes. The will must be signed and witnessed.
We can help make the process easier
Your financial situation may not be so simple. A will may not address all your needs in the estate planning process. And a will does not address what will happen should you become incapacitated because of illness and are unable to make financial and health decisions.
Attorney Hongo can meet with you to review your financial situation, discuss your goals and go over your options for a comprehensive estate plan that is appropriate and effective. She can help make sense of the process and answer any questions that you have. She can also handle the documentation of your estate plan.
Learn more about a will and how it may fit into your estate planning. Contact us to schedule a consultation at our Honolulu office. Attorney Hongo also meets with clients in Japan, which she typically visits twice a year. She is also available for phone and video conferencing consultations.