All
the wealth you’ve acquired through the years may give you a sense
of accomplishment, but you can’t take it with you to the afterlife
(if you believe in its existence, that is). You surely want to pass
your wealth on to your family and/or other equally deserving people
when you’re gone. Such an instruction must be written down in a
form of a will and testament.
A
will is an estate planning element that appoints a probate and
identifies heirs to a definite asset. Despite its known significance,
only one-third of American adults have their own last wills; others
may not be so sure whether to make one now or just include it in
their bucket list. The truth is that estate planning, particularly
writing a will, is extremely crucial.
The
greatest reason why you should consider getting a will is that you
want to secure your family’s future. This is all the more important
if you’re the breadwinner. Without a will, your assets may end up
divided according to the court’s decision. You certainly wouldn’t
want your loved ones to encounter difficulties in getting what should
be theirs in the first place.
Old
age and impending infirmity are also compelling reasons to prepare
your last will. Do this before lose the capability to decide who gets
to inherit your assets. Don’t wait until it’s too late and you no
longer have any control over the allocation of your wealth.
