A will is a legal document that outlines how a person’s assets will be distributed after death. There are several reasons why it is important to have a will:
- It ensures that your assets will be distributed according to your wishes rather than being
determined according to state law.
- It can help prevent disputes among your loved ones over the distribution of your assets.
- It can be used to provide for children or other family members who are unable to care for
- It can be used to name a guardian for a minor child and ensure they will be cared for by
someone you trust.
- It can be used to name an executor who will be responsible for managing and distributing your
assets according to your will
- It can help minimize estate taxes by allowing you to plan for the distribution of your assets in a
- It is important to note that without a will, the state will decide how your assets will be
distributed, which may not align with your wishes or what is best for your family. Additionally, if
you have minor children a will is imperative to appoint a guardian for them.