Why is having a will important?

Why is having a will important?

Of course, the last thing anyone wants to think about is what will happen to all of their belongings upon their death. You have worked your entire life to have the material goods and financial stability that you have and it would be a shame to let it fall into the wrong hands. Creating a will is incredibly important to ensure that your assets are inherited by the people who believe will best take care of them or make the most responsible, rational, and educated decisions about them. Another reason that it is important for you to have a will is because if you do not have one, your family will be left with the difficult toll of determining what to do with all of your belongings during the emotional time after your death. This may result in familial strains because without your own voice being heard, some people may unfortunately try to claim certain assets that you would never have given them. Or, some family members may fight over who should have what. There are many highly unfortunate possibilities that can occur. In order to protect your assets, you should think seriously about who you think would make the most responsible decisions about your assets after your death, hopefully decisions that you would have made yourself.

You should not wait until you are nearing old age to create a will. It is important to have an updated will when you have children, get married, buy a house, etc. so you can have a plan if anything were to happen. Life is unpredictable, as is death. If you have questions about how to create a will, contact an experienced wills, trusts, and estates attorney who can provide you with assistance.

Marc N. Needelman is an experienced wills, trusts, and estate planning attorney, working throughout the state of Connecticut. Contact the law firm to set up a free initial consultation.

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