As they say, death and taxes are the only sure thing in life and in the event of your death, it’s tremendously important to have a will set up and in place. If the concept of a will is new to you or you think you have all the time in the world, think again. A will is important for anyone – young and old alike. Haven’t convinced you, yet? Here are some reasons you should consider:
Taking ownership and setting up a will now, gives you control of the distribution of your estate. It doesn’t matter if you have much or little, you may want a particular person to receive a special item of meaning over another who may vie for the same item. It’s also a way to communicate to your loved ones after your death that you had them in mind.
Everyone can understand the importance of assigning the care of children after death, and by creating a will, you have control over who that will be. Don’t have children? What about pets? Pets can have a place in a will, too!
Distributing wealth and possessions will cut down on the taxes due on an estate, assuming the correct provisions have been made in your will.
Know in advance that you will give some or maybe even all to a charity you pass? Why wait to designate your giving? Provide that guidance in a will and you will guarantee funds reaching the right recipients.
None of us know what tomorrow will bring, but planning ahead with a will is one less thing your loved ones will have to worry about after your death. You also will have assurance that your finances and estate are in order.
Planning a will can be as simple as you’d like it to be, including online options. For more complex estates, it’s important to use a professional. Either way you go about it, the important thing is to get it done and secured.