Importance of your 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 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 going down.
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
Guardianship
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.
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.
Legacyfirst.org can now not only assist with your Life Insurance needs, we can also assist you with having your Will prepared through our partner law firms. Even better we have alleviated that cost of paying 100's of dollars to an attorney and minimized it. We also, save you the burden of getting a template Will that may not fit the code specifics of your state.
(Click Link Below)