(Newswire.net — October 24, 2018) — There are many reasons why it is essential that you get a will as quickly as you can, and in this guide we’re going to highlight just a few of them, focusing on the most important.
Your Child Will Have a Future
A will not only serves as an instruction on how your money and assets should be handed out, but it also describes what will happen to your children and the people charged with looking after them.
You can state who will get custody of your children and you can also leave them money to ensure that they have the funds needed to care for your children. This is very important if you have young kids, and it is especially important if your closest next of kin are not as close as you would like and you do not want them to have custody of your kids.
2. You Can Avoid a Lengthy Probate Process
The lack of a will can lead to a very stressful and complicated probate process for your loved ones. It can take months of waiting, during which time they have all kinds of paperwork to deal with, and in this time they still have to grieve over your loss.
They can draft in legal help that is payable on death account disputes, but they can also avoid all of that simply by you having a will.
3. You Give Money to the Right People
It’s very common to fall out with your family, and the older you get, the more issues you will have with your family. If you have a will then you can make sure that the money goes to the right people, and not to the ones that you have fallen out with.
For instance, if you have been with someone for many years but are not married, you have fallen out with your siblings and you don’t have children, then a will can help you to ensure your partner gets your money instead of your siblings. No one wants to think that when they die the people they love are left penniless while the people they hate clean up.
4. You Can Change Your Mind
One of the biggest excuses for not making a will is, “I’m too young.” but age doesn’t matter. A will is not set in stone. If you’re alone and penniless now and only have cats and friends to give your money to, then it’s perfectly fine, as you can always change your will when you find someone else.
5. You Don’t Know What Will Happen Tomorrow
Another reason why age should not come into it is that you have no idea what will happen tomorrow. You don’t know how long you have—life is short, life is futile, and none of us are in control of our own destiny. It is a way of safeguarding the future of your loved ones incase the worst case scenario happens.