Having a will is very important for you and your family. It is normal to make assumptions that we will only die when we are old but that is not the case. Death cannot be predicted as anything can happen to anyone at any age and that is why deciding who will protect your loved ones early enough is important. To avoid any confusion when you are gone, here are 5 reasons to have a will.
Parents are the only people who know their children the most and how valuable they are to them. By having a will, you will be able to decide who will take good care of your children in case something happens. You are the only one who knows who among your family members will raise and protect your kids. For people who don’t have the will, the court takes up the responsibility and chooses a guardian.
Single parents are also encouraged to make early decisions to avoid their children from getting stranded or being under someone who you don’t like or trust. Here is a video explaining why every parent should make their will.
No one knows the future
Even though people still procrastinate about death, there are some things like accidents which are beyond our control. Others realize the importance of having a will when it is too late and you shouldn’t be one of them either. To prevent your family from going through emotional trauma and stress, make a plan and get started.
The best thing about having a will is that you can make any changes in it as long as you are still alive so you don’t have to worry if you divorce.
Your business partners or heirs can only legally own your business or company through a will. Due to poor planning and lack of various skills, your family cannot run your business effectively and that is why you should clearly state who will be in control.
There are a number of negative things people can do for money and this can also happen during inheritance. Your family members may fight to get what they believe are theirs hence leading to more problems. Your mother or son for example cannot get a specific amount of money from your possessions no matter how much they think it is their right. By having a drafted will, you will be able to know who best deserves your inheritance and your solicitor will also help in making better decisions.
The thought of having your assets given away to someone who doesn’t deserve them is enough to make you have a will. You cannot decide on who will get what when you are dead and the state can’t make decisions either as there are protocols. Example, if you did not legally divorce your husband, he may still claim a large percentage of your share if you die. Take control and decide on who will get your possessions before it is too late.
There are many other reasons why wills are very important and getting legal advice will create more opportunities than risks. Make sure that you have a trusted and experienced lawyer to reduce future inconveniences.