People tend to shy away from the subject of death and a legal will falls into that category. Some people laugh it off and decide not to worry about it until they’re old, but life is unpredictable. Having a will in place is a smart thing to do, and here are four reasons why.
You Decide Who Gets What
When you have a will, you decide who will be the beneficiaries of your estate. If you’ve wondered what is estate planning Ponte Vedra Beach FL, it’s deciding how your assets will be divided in the event of your death. Without a will, a court would decide who gets what and to most people, that’s incomprehensible.
To Appoint an Executor
With a will, not only do you decide who gets what, but you also appoint an executor. The executor is the person in charge of carrying out your wishes, managing your finances and wrapping up your legal responsibilities. You will need to choose a responsible person that you trust, usually a spouse, son or daughter.
For Guardianship Purposes
Having a will is extremely wise as soon as you have children. In the event of your demise, you need to have someone appointed who will have guardianship of your children. This is one of the most important reasons to have a will, so don’t put it off.
Because Time Doesn’t Wait
Another reason to have a will is that time waits for no one. A will is a very easy process and you can amend it at any time. Far too many people have waited until it’s too late to realize they never made up a will and the fate of all they worked so hard for will be decided by a court.
You’ll Sleep Better
Having a legal will set up isn’t a complicated ordeal. Once it’s on record, no one can dispute your wishes. You’ll sleep better knowing that if the unthinkable happens, your family and your assets would be taken care of exactly how you wanted.