IS IT TIME TO DO A WILL?
You might feel that you have plenty of time to write one, as you might be young and healthy, but will preparation is an important part of smart life planning once you become an adult.
PEACE OF MIND
As we cannot control all of our life circumstances, sometimes, it’s simply smart to plan ahead. A will helps you do this: It’s an important document that carries out your desired wishes for the distribution of your property or assets.
And, if you have estate matters to deal with, a will can help avoid a lengthy probate process. A probate is a court-supervised process designed to work out the transfer of a person’s property upon passing. But you can avoid probate fees by transferring ownership to the beneficiary before death.
If you have children, one of life’s precious assets, one of the most important considerations is deciding what happens for their lives lived without you. Questions like ‘what are you leaving for them?’ or ‘Who is their guardian if they are a certain age?’ are all worthwhile thoughts to have.
Even if you feel that you do not have a lot to leave, it’s still important to distribute your assets to the appropriate people that you choose, so there are no uncomfortable conversations for those who think they should be beneficiaries of your property or things.
Take the time and clear any mental clutter by working with a law professional on your will. You and your loved ones will be grateful for the clarity. http://www.youngmanlaw.com/wills/