Estate planning can be tough on people for a number of reasons. For starters, most people don't like thinking about what happens when they die. Our estate planning attorneys in Lake Ozark understand that. However, we can't stress this enough, it's incredibly important for you to have a will. If you don't have one, get one sooner rather than later. If you pass away without a will, it can cause SO many problems for your loved ones, disputes among heirs, confusion about your funeral, tax issues, etc. Keep reading this week's blog for a few common reasons people delay getting a will and why they SHOULDN'T. If you need some getting your will together, contact one of our experienced estate planning attorneys at the Lake of the Ozarks today. Gibbons Law Firm can be reached at (573) 348-2211.
Common Reasons People May Delay Getting A Will And Why They Should AVOID Doing This
Deciding on who gets what asset may be stressful for you.
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.
Thinking about anyone else caring for children can be difficult.
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.
The fear of the unknown intimidates some people.
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.
Thinking about your own death can be so sad that people may just want to avoid doing so altogether.
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.
Our Estate Planning Attorneys Are At Your Service!
Now that you have a better idea of how important making a will actually is, let's get this task taken care of together before it's too late. Call our estate planning lawyers in Lake Ozark today. We can be reached at the phone number listed below. Remember, your first consultation is free. Make your wishes known with Gibbons Law Firm. We are ready to help you with this important part of life. Be sure to follow us on our social media channels listed below to stay up to date on our latest legal tips.
Remember, your initial consultation with Gibbons Law Firm is always free.