A lot of Americans don't want to think about estate planning. In fact, 64 percent of us have not made a will, 27% of whom feel there is no urgent need. Most people who do make wills are 60 or older.
Many people think that they only need to make wills if they have a fortune to give out or a lot of property that needs to be split up. In reality, everyone should have a will, even if that means you have to think about your death, which is an unpleasant experience for most people.
Failure to make a will can cause all kinds of issues, and it forces the state in which you lived upon your death to figure out a lot of very important issues. If you have minor children and no spouse, they will have to decide who will take over guardianship of the kids. The decision on who will inherit any property or money in your estate might also fall to the state, which can cause serious issues.
Everything goes to your spouse for married couples, but not necessarily your children by somebody else. The children may have multiple parents, or you have adopted a child? Another issue is that your spouse may not be able to manage major finances. It gets complicated fast and it is easy to leave a poisonous legacy.
The best thing to do to avoid all this possible consternation is to hire a lawyer to help you with your will. You should ensure the will points out who gets everything in your estate, from money to property and expensive items such as jewelry. This way, everyone gets something and there are no hard feelings or lawsuits involved.
Show your family how much you care one last time by getting your will done ahead of time. This lets them grieve without any added stress or worries about legal issues.
Many people think that they only need to make wills if they have a fortune to give out or a lot of property that needs to be split up. In reality, everyone should have a will, even if that means you have to think about your death, which is an unpleasant experience for most people.
Failure to make a will can cause all kinds of issues, and it forces the state in which you lived upon your death to figure out a lot of very important issues. If you have minor children and no spouse, they will have to decide who will take over guardianship of the kids. The decision on who will inherit any property or money in your estate might also fall to the state, which can cause serious issues.
Everything goes to your spouse for married couples, but not necessarily your children by somebody else. The children may have multiple parents, or you have adopted a child? Another issue is that your spouse may not be able to manage major finances. It gets complicated fast and it is easy to leave a poisonous legacy.
The best thing to do to avoid all this possible consternation is to hire a lawyer to help you with your will. You should ensure the will points out who gets everything in your estate, from money to property and expensive items such as jewelry. This way, everyone gets something and there are no hard feelings or lawsuits involved.
Show your family how much you care one last time by getting your will done ahead of time. This lets them grieve without any added stress or worries about legal issues.
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