Even so it is important for each individual to take the time to create a final will and testament. This important document is vital to protecting your family and your assets in the event of an untimely death. Creating a will is absolutely essential when there are minor children involved, but it is a very important document even for those with no dependents.
If you doubt the importance of creating a final will and testament just consider the many advantages this vital document can provide:
1. A will protects your family in their time of need. No one likes to make financial decisions during a time of grief, and having a will in place will help ensure your family does not have to endure this trauma. When you create a will you relieve your family of an additional burden during a very stressful time.
2. A will lets you specify who will be the guardian of your minor children. There are many valid reasons for creating a will, but guardianship of the children is undoubtedly the most important. If you fail to create a will your children could end up in legal limbo while a suitable guardian is found. By having a will you make your wishes clear and relieve your children of this type of uncertainty.
3. Having a will is a great way to head off family disputes and prevent legal battles down the road. No matter how stable your family conflicts are bound to arise from time to time. When money is involved those disputes can quickly turn bitter, perhaps causing irreparable harm to family harmony. When you create a will you can specify which assets are to be passed on and to whom, thereby heading off these kinds of disputes before they can cause any damage.
4. Having a will in place will make the legal process go much more smoothly. When a death occurs there are always some legal issues that must be ironed out, but having a will in place makes the legal process much easier and much faster. Having a will in place also means your family will not have to spend their time and energy wrangling over legal issues.
5. Having a will in place is a great way to protect your family home or business. The family home or business may not automatically go to your next of kin, so it is important to protect those you love with a will. By specifying how your assets are to be distributed you can ensure your final wishes are carried out.
6. A will lets you specify how your assets are to be distributed. The proper distribution of assets is an important part of your legacy, so make sure your legacy is protected by a will. Without a will your relatives may not know who is entitled to which assets, and bitter family feuds can be the result. When you spell it all out in a will every member of the family will know where he or she stands and you will have the satisfaction of knowing that your assets are being distributed fairly.
There are many excellent reasons to have a will in place, and it is important for every individual to take the time to prepare this important document. Whether you are 20 years old or 80 years old it is never too early or too late to create your last will and testament. While it may be an unpleasant task in the end your family will be glad you took the time to show how much you care.
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Article Added on Thursday, July 30, 2009
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