If you do not have a will, then you are risking both your own wishes and the outcome for those you love. This is especially important for those of you lucky enough to have children.
If you have not put together your will, then your children’s future can be in serious jeopardy. For example, you may assume that your property would simply pass on to your kids, but the courts may have other ideas. Additionally, other family members, such as a new spouse, may step in and take things that you intended for your children.
The most extreme example, however, likely comes along with guardianship. In order to ensure that your children are raised in the fashion you deem appropriate, you need to specify their guardians. This is done through the will, and the best way to make sure your wishes are known is to work with a lawyer now, before the issue is completely out of your hands.
Some people feel that they do not need a will just because they are married. They assume that if they were to die, their estate would automatically pass to the spouse. However, in some cases, this may not be true, as others may have a legitimate claim to an inheritance when a will has not been written. Having the peace of mind of knowing that your spouse and children will be taken care of after your death is priceless.
Of course, there is also the possibility of both spouses being killed at one time. In situations like that, there is no surviving spouse to speak up for the children or to have a say in the distribution of assets. Again, the courts will have a much bigger say in the outcome of your estate than you would probably like.
Again, the main goal here is to ensure that you retain control over how your assets are distributed after death. It is not the most pleasant activity but it is an important document that every adult should have. Contact me if you want to have one drafted.
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