Why don't you have a will yet? Have you ever been asked that question before? If so, keep in mind that this is a very valid question because a will is definitely something every adult should have. A will is a document that states your wishes regarding who your assets should be passed down to upon your death. You likely have items that mean something to you, whether they are sentimental in value or just very expensive items. Either way, having a will is important and our estate planning attorneys at the Lake of the Ozarks are here to tell you why.
Important Reasons To Have A Will
A WILL CAN BE CHANGED OVER TIME, JUST LIKE YOUR LIFE.
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.
THIS DOCUMENT SPEAKS FOR YOU WHEN YOU NO LONGER CAN.
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.
MAKE SURE THE RIGHT PEOPLE ARE BEING GIFTED 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 divvied up.
MAKE SURE YOUR CHILDREN ARE PROPERLY CARED FOR.
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.
Make The Right Decision and Get a Will Today!
Gibbons Law Firm can help you with this. Clearly, you don't have to have a lawyer to have a will BUT it is strongly encouraged. Why? An experienced estate planning attorney in Lake Ozark can make sure every important piece that should be covered IS covered. That is the whole point of having a will, to make sure ALL your wishes are known when you can no longer physically speak for yourself. Give us a call today for your free consultation. We can be reached at the phone number listed below. You can also follow us on our social media channels listed below to stay up to date on our latest legal tips and announcements.