Importance of Your Will During Covid-19

The Importance of Having a Will during These Trying Times.

Having a will is most definitely one of the most important things that you may do not only for yourself but also for your family. A will can do a variety of things – but aside from legally protecting your spouse and kids, it can also perfectly spell out the way in which you wish your assets to be handled.

With the COVID-19 pandemic wreaking havoc all over the world, you can never be certain what the future holds for you. So, you don’t want to leave your family completely unprotected. This is why you need to set some Life insurance. Here are the main reasons why you may want to have a will.

1. You can decide how your estate is distributed

A will is a document that legally allows you to determine exactly who gets your estate after you pass. If you die and do not have a will, more people may feel entitled to get your house. The will is going to minimize any potential family fights as a result of the economy downturn. Protecting your family from a long drawn out fight in probate court.

2. It helps avoid dragging probate processes

Despite the popular belief, every estate will have to go through a probate process – no matter is there is a will or not. In a time of danger and social distancing, the last thing you want is for your family to expose itself to even more danger after you pass. However, the will shall see to it that this does not happen – and that the process is sped up as much as possible.

3. You decide how your children are brought up

In the absence of a will, the court itself will choose from your family members and decide who shall raise your minor children. However, they won’t have the input that you do. They won’t know that their rich aunt Gertrude, for example, is a very cold person – despite having the financial possibility of raising them. They will only know what there is on the outside – and leaving a will behind shall make sure that your children are brought up the way you want them to. Guardianship is one of the most overlooked portions of why we need to prioritize our wills.

The Bottom Line

During these times, wills can ensure that everything is handled nicely in the event of your passing. That being said, the will can ensure that your family does not needlessly endanger itself with a lengthy process. Everything will be sped up so that your family might go on with their life the way you wanted them to. It is important to have your estate in order during times of pandemic. No one is immune to the virus and in the event of the worst case scenario life insurance, will preparation and having all your financials in order, will only help your family be taken care of especially your children.

Most people are not excited to get their will done by an attorney because the cost is expensive to the everyday person. You can pay on average $500-$1,000 easily. We have partnered with a network of law firms that will help you and with a subscription as low as $25.00.

Visit Legacyfirst.org for more information