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Four Reasons Why You Should Have A Will

Presented By Infinitas

Will and trust

What Is A Will?

A will is a legal document that outlines your wishes for how your assets and possessions should be distributed after your death. Despite the importance of having a will, many people put off creating one, often assuming that it's unnecessary until much later in life. In this blog post, we'll discuss why you should have a will, regardless of your age or financial situation.

Ensure Your Wishes are Honored

The primary reason for having a will is to ensure that your wishes for the distribution of your assets are carried out. Without a will, state laws will dictate how your assets are distributed. Having a will allows you to specify who receives what and how much, providing you with peace of mind that your wishes will be honored.

Minimize Family Disputes

The absence of a will can lead to disputes among family members, particularly if there are disagreements about who should receive what. A will clearly outlines your wishes, minimizing the chances of disputes and potential legal battles among your loved ones.

Protect Your Children

If you have children, having a will is particularly important. A will allows you to specify who will be the legal guardian of your children in the event of your death. Without a will, the court will determine who will take custody of your children, and the process can be lengthy and stressful for everyone involved.

Save Time and Money

Having a will can save your loved ones time and money. If you die without a will, your estate will go through probate, a lengthy and expensive legal process. Having a will can expedite the process and reduce costs, ensuring that your assets are distributed in a timely and efficient manner.

A will is not a static document. As your life circumstances change, you can update your will to reflect your current wishes. For example, if you have a child or acquire new assets, you can modify your will to ensure that your wishes are up-to-date.

Having a will is an essential part of estate planning, regardless of your age or financial situation. A will ensures that your wishes are honored, minimizes family disputes, protects your children, saves time and money, and can be adapted to changing circumstances. Don't wait until it's too late - take the time to create a will and ensure that your loved ones are provided for after your passing.

Contact An Infinitas Financial Advisor

This material has been provided for general informational purposes only and does not constitute either tax or legal advice. Although we go to great lengths to make sure our information is accurate and useful, we recommend you consult a tax preparer, professional tax advisor, or lawyer. 


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