Do you have a will
Despite? Having said that the importance of having a last will, over half of all Americans die without one.
Making a will is usually not difficult, and it can cost less than many people spend on their cable bill for a month.
So why do not more people around him?
may make a will means to face our own mortality. Who wants to do that? When we are young, we think we have much time. As we age, our definition of "youth" of the changes, and we still have time.
What's the rush?
Turning off making a will is a bit like putting off going to the dentist. Wait one more week will not hurt anything. Waiting too long, however, can be a costly mistake. Tweet this
What happens if I do not have to last will?
If you do not have a will when you die, the state law determines who gets your money and other assets and determine which is your personal representative.
If you have minor children, the courts decide who will raise them.
You may think it's obvious who should inherit your money, or who should take care of your business.
However, as anyone who has picked up the pieces after the death of a parent can attest, it's much easier if you have a legal will with every statement.
Can I just have a very simple last will?
Absolutely. Your will might say that your personal representative is, and who gets everything you own. This is a huge improvement over nothing!
Of course, your will should have some legal issues and verbiage to make it legal in your state. It's okay. - It's not like you have to write it from scratch
Your will does not need to say exactly who gets the silver, dog, or other property, as long as you are happy with your personal representative to apply the provisions of your will for you
do I need a lawyer
you need a lawyer to draft your last will if .?
- You think your parents and others can contest your will; For example, if you have relatives already feud.
- You have a business that you want to stay on after your death.
- you have specific concerns, such as a disabled child.
- you have a child or other heir who you want to disinherit.
- you may be subject to estate or inheritance tax.
- you have a lot of assets or complicated finances, or for any reason you are concerned about what happens to your estate upon your death.
I want to establish my own last will. How can I do this?
Making a will you is easier than ever.
You can buy software to make a will, or you can fill out a form to create a will online . Make sure to use a specific tool for your state. Follow all instructions with the software or an online tool.
Do not try to simply wing by typing something or writing on scrap paper. Your will is more important than that.
Make sure you sign the will before two witnesses.
Where should I keep my last will?
People often store wills in what they consider a "safe place".
Unfortunately, safe places are often difficult to find. Your will is useless if your survivors can not find.
We have heard stories of relatives searching for weeks to find a will, even after death was not unexpected. Do not put your family through that!
If you have a lawyer, you can keep a copy in his office. A safety deposit box or home safe also works.
Every time you put your will, tell your parents and personal representative where he is.
While you're there, tell your personal representative they were chosen. Request permission is a nice touch.
We know that someone who was completely taken by surprise when it turns out to be the personal representative for a friend.
When should I update my last will?
You'd be surprised how many people die with a will that is prior to major life changes such as divorce and remarriage
Update your will when :.
- you get married or divorced, or you change the major relationships.
- you have or adopt a child.
- Your assets, liabilities, or business change materially.
- Each year, if possible. Realistically, do not wait ten years to see if you need to update anything.
Do you and your parents or children to talk openly about money and estate planning? Or is it a taboo subject in your family
Credit: Dustin J McClure via photopin cc
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