Did you know that over 68% of Americans do not even have a last will and testament? A will is an essential estate planning tool, so why do so many people go without one?
Many people feel like they’re not old enough yet. They assume they have plenty of time to get to it later. Others don’t have a will because it’s a subject that is uncomfortable to think about it.
If you don’t have a will, you should make one. It’s not hard to do, and it’s not expensive. Here is a guide to help you know how to create one if you’re ready to make one.
Consider the Reasons You Need One
Many people put off their estate planning efforts, but this isn’t a smart move. An estate plan lets you create a plan for your death, and including a last will and testament is just one tool you can use.
So, why do you need a will? The main reason is for protection. A will protects your things and your family.
Your will is a legal document that provides instructions to your family about what you want them to do after you die. There are plenty of things you can include in this document, and you can customize it to fit your needs.
Things to Include in Your Last Will and Testament
A will is an essential tool, as it can include many details, and the will serves several purposes. Here are a few:
- Your will tells your family what to do with your body
- It tells your family your wishes about your funeral or service preferences
- It provides a list of your beneficiaries
- It instructs your family on how to divide your assets
- Your will gives instructions about minor children
These are a few purposes of a will. If you don’t have one, your family will have to guess about these things or let a judge decide.
Ways to Create a Will
If you want to begin planning your estate, you can start by making a will. You can make a will in several ways. The first option is creating one online which means making it yourself.
The downside to this option is that you won’t have legal assistance with it. Therefore, you might forget to include some important details.
The other option is by hiring an estate lawyer for help. The benefit of hiring a lawyer is that they will provide legal advice and tips to help you make it. You can get more info on legal wills by contacting a law office.
Don’t Wait Any Longer: Make a Will Today
Making a last will and testament is a vital part of life, even if it’s not a fun subject to think about in life. Creating one protects your family and loved ones, and it gives instructions to them to follow.
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