Why You Need to Have a Will
There are several important reasons why everyone should have a legal will prepared. Some people shy away from the solemn responsibility of legal will preparation, but doing so only leaves the estate and assets they've worked for all their lives dangerously unprotected.
Without a legal will, there is no control over your assets or estate. The law will decide what happens to everything that belonged to you prior to your death.
Your loved ones may not receive the proper distribution of their inheritance. Complete strangers will decide what happens to your estate. And what they decide may not be what you would have wanted. Your dependents may not be financially provided for in the manner you would have preferred.
Having a legal will also ensures that the deserving charities of your choice receive the legacy you worked so hard to provide. Don't you want to make sure that the organizations that help so many get the funds that you want them to have?
You know better than anyone else how you want your assets divided, which is why it is important to have a will, preferably prepared by a skilled professional. A legal will protects your family home for future generations and can ensure the financial security of generations to come. It ensures the financial security and protection of your loved ones.
Wills are not just for older, retired persons. Even young, single people need to have a will prepared. Just because you're young or unmarried doesn't mean that you shouldn't make sure that your estate and possessions are divided amongst your family, friends, and the charities of your choosing upon your death. That is a basic priority that all those over the age of 18 should immediately address.
For married people, it is important to have a will because the "spouse gets half rule" may not always apply As stated before, without a will, the law has control of the distribution of your assets. And depending on what they decide, your assets may not be distributed to your spouse and children in the manner you would have desired.
For older, retired people, it is important to take time to review the will you already have in place. It is a good idea to sit down with a trusted professional to discuss the execution of any modifications to your legal will. If you are retired and you do not have a will, it is of urgent importance you have one prepared to ensure protection of your estate and your wishes for the distribution of your assets.
There are also certain times in your life when you will want to create a new will or review your existing one. Marriage, separation, divorce are all times when it is prudent to ensure your will is updated to your specifications.