Estate Planning

5 Important Reasons to Have a Will

No one wants to think about dying. However, it is important to have everything in order for your estate! Do you know why it’s important? We give you the top 5 important reasons to have a will.

Family together.

1. Children 

Firstly, leave them cared for

Your children will have a lot to deal with upon your death. If you have minor children, it is important that you leave a guardian for them. If this is not laid out in your will, it will go to court. While in court, a judge who does not know you or your children will be deciding who they will live with. Hence, you want to make sure that they are taken care of and being cared for by a capable person that you trust. If you have children, you want to make sure that they are financially taken care of. Distributing your assets to them through your will, for example, is a good way to ensure that they will receive the monetary support you want them to have. 

2. Avoiding Family Disputes

Losing a loved one is a very emotional time. You do not want to have the most important people in your life fighting over your estate after your passing. It’s a difficult time for them, you want to ensure that you leave them without worry and potential for conflicts. 

Reasons to Have a Will

3. Funeral Preferences

Choose how you will be laid to rest

People have preferences for how they would like to be laid to rest. Maybe you are uncomfortable with the idea of being cremated. Maybe you want to make sure that your funeral is only with close family. By having a will put in place, you can let your executor and family members know how you would like to be laid to rest. If this is important to you, you don’t want to leave it in the hands of anyone else.

4. Deciding Who Will Execute Your Will 

Choose the person wisely.

When someone passes away, there is an executor in charge of making sure the decedent’s wishes are kept. This person is the one responsible for the estate’s financials, taxes, and property upkeep, if applicable. Furthermore, you want to make sure that the person you put in charge of this is someone you trust who will responsibly take care of the things you worked so hard for in this life. It is important that you choose the executor, because if no one is selected in your will, it will be in the court’s hands. 

5. Peace of Mind, Privacy, and Control

In conclusion, there is not much in this world that you can control. In this instance, your will is one item you have control over. Once in order, there will be a sense of relief. Everyone will be taken care of after your passing. So take the time to consider these 5 important reasons and have your will ready.

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