As you begin the estate planning process, one thing you might be asking yourself is if it's necessary to have a will. A will is a legal document that you may want to have, because it tells your loved ones and the courts exactly how you'd like your assets distributed after your death.
Get help with an estate plan: A will is not enough
Wills are interesting documents. They can tell you a lot about what someone wants to see happen after they pass away. However, a will isn't the only thing people need to complete their estate plans. Not having more than a will can still lead to trouble.
Stop procrastinating, and get a will as soon as possible
If you have been procrastinating and not setting up a will, you should know that doing that could turn out badly for your family. No one knows when they will die, become impaired or unable to care for themselves. That's why it's essential that you set up your will right away.
What are 3 myths about wills I should know?
One thing that you should avoid doing is getting tricked by myths about estate planning. Myths make it hard to know what's true or false, and you may miss doing something that is legally important to protecting your estate.
What makes a will legal and valid?
Wills are an important part of any estate plan, even if you don't have many assets or beneficiaries to protect. A will lets you choose how to distribute your assets upon death and can guarantee you that your wishes can't be ignored by those who you leave behind.
E-wills becoming more popular, but be cautious
Electronic wills are a new kind of will that might be more prominent as the digital age continues to grow and influence people in today's society. Electronic wills offer people the ability to create a will online and print it.
Explaining who can see a will after a testator dies
Have you ever wondered what happens when the testator of a will dies?
How often should you take another look at your will?
You want to get a will drafted and filed, but you don't think this is something you can just do once and then forget about. How often should you get it back out and go over the details?
Why you should think about creating a will
The thought of having a last will and testament drawn up makes many people uncomfortable. Some describe it as feeling like they are planning their own demise. These feelings are understandable, but they should not keep you from preparing a will.
Have you lost a relative who had no will or trust?
If a parent or relative has recently passed away, you and your family could be overcome with emotion. Finding out that the deceased has left no will or trust can make this heartache even more painful.
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