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February 7, 2010
A will is a legal document designating the transfer of your property and assets after you die. Although creating a will is not a difficult process, a lot of persons die without one. If you die without a will, or intestate, the court steps in and ... Read More
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WHY DO YOU NEED A WILL?
- 2-7-2010
- Categorized in: BUY-SELL AGREEMENTS , EMPLOYEE BENEFITS , ESTATE PLANNING , KEYMAN INSURANCE , LIFE INSURANCE , RETIREMENT PLANNING
| A will is a legal document designating the transfer of your property and assets after you die. Although creating a will is not a difficult process, a lot of persons die without one. If you die without a will, or intestate, the court steps in and distributes your property, which may or may not coincide with your wishes. If you have no apparent heirs and die without a will, it's even possible the state will claim your estate. Remember, wills are not just for the rich; your will ensures that whatever your assets, they will go to family members or other beneficiaries you designate. Bear in mind that having a will is especially important if you have young children because it gives you the opportunity to designate a guardian for them in the event of your death. Without a will, the court will appoint a guardian. Probably the most important considerations when making your will are naming a guardian for your minor children and naming an executor. |