Reasons Why You Should Have a Will
Having a will written out is definitely a must and one of the most important things that you can do for yourself and loved ones. A will legally protects your spouse, children, and any assets, and also spells out precisely how you wish for things to be handled after you have passed away.
People’s situations can vary, but here are the major reasons to get a will.
- You get to choose how your estate will be distributed. A will is a legal-binding document which allows you to determine how you wish for your estate to be managed upon your passing. Should you die without a will, there are no guarantees that your intended wishes will be carried out. Simply getting a will ensures putting a halt to any family feuds about your estate that might arise. Checking out professional and legal wills costs in Suffolk, is of the essence.
- You get to choose just who will look after your minor children. A will lets you make an informed decision about who will take care of your young ones. Minus a will, a court will decide who goes with whom and where. A will allows you to appoint who you wish for to raise your children, and who in their right mind wouldn’t want that?
- To avert a long probate procedure. Not many people know that all estates have to go through the probate process, with or without a will. By simply obtaining a will, the probate process is hastened and informs the court how you’d like your estate divided. A probate court serves the purpose of administering your estate, and when you pass away with no will (which is known legally as dying “intestate”), a court will make the decision on how to divide your estate without any input from you, which can create long, unwanted delays.
- Wills give you the option of making sure that you can disinherit individuals who would usually stand to inherit. Due to wills specifically highlighting how you wish for your estate to be distributed, minus a will, your estate can end up with someone you definitely did not intend (like an ex-spouse whom you went through a bitter divorce with).
- Nobody knows what will happen in the next hour, let alone next day or week! Postponing or delaying things are the usual reasons for not getting a will. In so many cases the realisation that a will should have been made comes way too late and this happens on a daily basis – such as when an unexpected death or a disability happens. To avoid any extra stress on your family over an already extremely emotional time, it will be in your best interests to contact legal professionals to assist you in writing up at least a basic estate plan, before it’s too late.
Do you and your loved one’s a favour and get some peace of mind!