Friday, December 8, 2017

Top Benefits of a Will

Some may argue that a will is one of the most important things you can do for your family. A will provides legal protection for your assets and your family. You can have a say in who receives what assets when you are gone by putting a will together now. Our Lake of the Ozarks law firm knows how important it is to have your wishes lined out. Take a look below to find some of the top benefits of having a will in place.

1. Have Your Wishes Known

It's important that everyone involved knows exactly what your wishes for your estate are. This can help to avoid arguments amongst family members. It will offer comfort for your family to know exactly what your wishes are and to help carry them out. A will is an ideal place to document any of your wishes for when you pass.

2. Distribute Your Estate

When planning your will, you can designate who you want to take over specific assets. Whether it's your home, car, accounts, or family heirlooms, it's a great opportunity to distribute your belongings to your friends and family. A will can help ensure your wishes are being carried out and that your estate is going where you want and not just divied up.

3. Establish Care for Your Children

If you have children under the age of 18, you can designate guardianship to an individual or couple. This can help make sure your kids are being cared for by exactly who you wish to care for them. You can also leave specific instructions for any financial help you want to go along with the person who will care for your kids.

4. Appoint Executors of Your Will

While it may be a difficult choice, you can appoint someone to be in charge of distributing your assets. This is known as an executor or personal representative, and this individual will ensure that your will is known and that all items are distributed as you have wished. This person will also be in charge of paying off debt, bills, and other financial items that will need to take place.

5. Flexibility of Change

The beauty of a will is that it is a flexible document. Changes can be made over time as your wishes change. Whether you've had a major life change or you simply think someone else would be a better fit for a certain asset, you can make changes to your will, as you see fit.

Now that you know some of the benefits of a will, you are ready to take action. Give your family the gift of knowing what your wishes are when the time comes. It's a thoughtful way to take some of the burdens off of those closest to you. Contact Gibbons Law Firm today to establish a will so your wishes are known. We look forward to helping you put together your will at the Lake of the Ozarks!

Remember, your initial consultation with Gibbons Law Firm is always free.

Your Trusted Legal Resource

Gibbons Law Firm
2820 Bagnell Dam Blvd, Suite B4
Lake Ozark, MO 65049
(573) 348-2211

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