If you're like many people, the thought of writing a will may not be high on your priority list. However, creating a will is an essential part of estate planning that shouldn't be overlooked (80% of adults globally have not yet have a will in place!). Here are some reasons why you should put together your first will now.
A will is a legal document that allows you to decide who will receive your assets after your death. Without a will, your assets will be distributed according to state laws, which may not align with your wishes.
In the absence of a will, family conflicts can arise, leading to lengthy and expensive legal battles. By creating a will, you can minimize the likelihood of family conflicts and ensure that your assets are distributed according to your wishes.
Writing a will allows you to decide how your assets will be distributed after your death. Without a will, your assets will be distributed according to state law, which may not align with your wishes. By creating a will, you can ensure that your loved ones are taken care of and that your assets are distributed in the way you want.
Creating a will provides peace of mind, knowing that your loved ones will be taken care of and that your assets will be distributed according to your wishes.
By creating a will, you can choose the person you want to be the executor of your estate. This person will be responsible for carrying out your wishes, including the distribution of your assets, and ensuring that any debts and taxes are paid.
Without a will, the process of locating, assessing, and valuing your assets and liabilities can take a lot of time and money. With a will in place, the distribution of your assets can be much faster and less costly.
If you have minor children, your will allows you to appoint a guardian to look after them in the event of your death. Without a will, the court will decide who will take care of your children.
An estate without clear instructions is open to being contested. Creating a will can help prevent disputes between family members, reduce the likelihood of challenges, and ensure that your assets are distributed according to your wishes.
If you haven't created a will yet, it's never too early to start. By taking the time to put together your first will now, you can ensure that your wishes are carried out and that your loved ones are taken care of after your death. Don't wait until it's too late – start your estate planning today.
Heyimwill is a simple and straightforward will generator that allows you to easily create their first will. Putting together your first will shouldn’t be daunting. We’re here with you, to make the first step more easy than ever before.