1. Have Your Wishes KnownIt'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 EstateWhen 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 ChildrenIf 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.
5. Flexibility of ChangeThe 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.
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Gibbons Law Firm
2820 Bagnell Dam Blvd, Suite B4
Lake Ozark, MO 65049