A will is a gift you leave your family or loved ones. It is a gift because it makes the management of your estate very clear and light-years easier. If you don’t have a will, the state (not known for its financial prowess) will decide what happens to your stuff, your kids, and your financial legacy. You don’t want this to happen. Even if you’re single, get a will right now!
- Dying without a will or more extensive plan only brings further grief to your family.
- It’s impossible to have a detailed conversation about bequeathing assets before you’ve itemized all the property you possess as a couple.
- Use a friend’s or even a celebrity’s passing without a will to ease into the conversation while providing some emotional distance.
“People make a lot of excuses to put off planning for the inevitable. You may be fearful about your own mortality, or think you don’t have enough assets to need an estate plan or perhaps you just think that things will change so much before your death that you and your spouse can delay making a plan.”