What is a Legal Will and Why Would I Need One?
A will is a legal document that outlines your wishes after your death. It will also outline other important considerations like the distribution of your property and assets, as well as legal care of your minor children upon your passing. Here’s how to decide if you need a legal will:
- Do you care who gets your property if you die?
- Do you care who gets your money if you die?
- Do you care who is appointed the guardian of your minor children if you die?
Who Needs a Will?
Wills are not just for the wealthy. Regardless of how much money you have or don’t have, a legal will makes certain your wishes are followed. It details the beneficiaries of your personal assets, including your retirement accounts, your home, your personal belongings, your social media accounts, your benefits, such as life insurance and pension, and even who gets your pets. If you own a business, a will can help safeguard a smooth legal transition of ownership and leadership. A will also guarantees that you designate your children’s legal guardian should you die before your children reach their maturity.
You can also name an executor, a person you trust who will have the authority to ensure that your wishes are carried out and to make sure that all of your affairs are in order, such as paying off bills to canceling credit cards.
Without a will, a court makes these decisions on your behalf, in addition to others, through a lengthy, expensive and often stressful process called probate.
If you die without a will, you will inadvertently subject your family and loved ones to unnecessary pain, confusion and anxiety at what is already a difficult time. Making a will is a gift to yourself and your family, as it will increase your peace of mind knowing that your wishes will be followed and your designated beneficiaries will be taken care of.
Creating a legal will does not have to be a lengthy or expensive process. Call C4Legal Assistance and protect your family today.