10 Reasons Why You Need a Last Will and Testament
There are definitely more than 10 reasons to write a last will and testament. We have identified the most critical ones to help you get into the right mindset as you prepare to create the most personal and most important piece of writing that you will ever make.
Below are ten reasons why a last will and testament is important:
1. It’s for your own peace of mind
2. It avoids confusion and potential conflict over who gets what
3. It removes uncertainty over issues related to wealth
4. It carries out your wishes for the disposition of remains
5. It facilitates the transfer of your assets to beneficiaries who would not receive anything under intestate succession rules
In case you have no living relatives, your property will be turned over to the state.
6. It allows you to appoint the legal guardian of your children
7. It allows you to name someone to manage finances and property left to minor children
8. It lets you designate an executor to carry out your wishes on your behalf
9. It helps minimize probate or the intervention of the court
10. It lets you transfer assets that are not covered by a living trust
FREQUENTLY ASKED QUESTIONS ABOUT WILLS
Are there exceptions to distributing property with a will?
What are the other types of assets that should not be included in a will?
Also, the assets detailed in a living trust should not be a part of your will as they will be distributed according to the terms of the trust through the designated successor trustee.
Can you change your Last Will and Testament?
Can you revoke your Last Will and Testament?
READY TO CREATE YOUR LAST WILL AND TESTAMENT DOCUMENT?
It starts with our Right Fit Meeting™, where together we determine whether our firm is right for you. If you decide to work with us, together we’ll draft a last will and testament as part of your estate planning strategy. Are you ready to get started? Click the button below and schedule a call now.