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You've probably got one of those "need to do eventually but not today" lists residing somewhere in your brain. Eat more salad. Paint the bathroom. Jog 30 minutes a day. But, believe it or not, getting your will done this year might turn out to be the most important resolution you can make. Need convincing? Here's are the top three reasons why....
Did you know that it is possible to prevent the bitter bickering between siblings that often accompanies the inheritance of property from a parent? Absolutely. Mental health professionals have found that by simply drawing up a will and discussing the reasoning behind your decision to leave a given piece of property to one child over another can prevent the break-up of a family once an inheritance is claimed. Unfortunately, over 70% of Americans fail to prepare a simple will!
It comes as no surprise that over 70% of Americans do not have a last will. Most people aren't eager to draft any legal document, let alone one that deals with life's biggest certainty. But it's a lot easier than people realize. And the peace of mind, especially for parents with young children, is well worth the time.
Consider that your will is a living document that needs more attention than just a once-over. When your life changes, your will should too. Here are the top 5 reasons to update your will, or least take another look at it.
Estate planning is important, but there are many misconceptions about how wills and other estate planning documents work. Don't let unfamiliarity stop you from properly planning your estate. Here, we answer 5 of the most common questions about last wills.
Probate is the legal process through which a deceased person's estate is properly distributed to heirs and designated beneficiaries and any debt owed to creditors is paid off. In general, probate property is distributed according to the decedent's last will and testament, if there is one, or according to state law if no will exists.
Over 70 percent of Americans put off writing a will until its too late. With the holidays upon us, how can you effectively start the conversation with your family so that they stay protected and don't end up a statistic?