DO YOU HAVE A WILL? STATISTICS SHOW THAT OVER HALF OF AMERICANS DON'T HAVE ONE.
Many people believe they don’t need a will because they don’t have a large estate, or they trust their family to take care of their wishes, or because they think it’s too expensive to get a will. But those beliefs are myths, and there are many reasons why everyone should have a will:
You decide how your estate will be distributed. A will is a legally-binding document that lets you determine how you would like your estate to be handled. If you die without a will, the law takes over and there is no guarantee that your intended desires will be carried out.
You decide who will care for your minor children. Absent a will, the court decides who should care for minor children, but a will allows you to appoint the person you want to raise your children.
You decide who will wind up your affairs. An executor will make sure all of your affairs are in order and a will allows you to designate a trustworthy person to pay your final debts and see that your wishes are carried out.
You can avoid lengthy litigation for your family. Having a will speeds up the probate process and informs the court how you want your estate divided so there’s no unnecessary delays for your family.
You are not promised tomorrow. Procrastination and an unwillingness to accept death are common reasons for not having a will but death is an inevitable part of life. To avoid added stress on families during an emotional time, it’s best to be prepared.
Having a will is the best way to ensure your wishes are carried out and to ease the stress on your family. Many lawyers offer very reasonable rates for a simple will, so don’t delay in being prepared for an important part of your life!