Why You Shouldn’t Wait to Write Your Will
July 20, 2023 | William F. Huefner
Writing a will is a task that many people put off. It’s often due to the uncomfortable nature of discussing what would happen after their death. However, creating a will is an essential step in ensuring your final wishes are respected, your loved ones are taken care of, and your legacy is protected. Continue reading, as we discuss the reasons why you shouldn’t wait to write your will and the benefits it brings.
Protecting Your Loved Ones
Writing a will allows you to designate how you want your assets to be distributed after you have passed away. Without a will in place, your estate may be subject to intestate laws. This can lead to lengthy legal battles, unnecessary stress, and potential disputes among your family members. By having a will, you are providing clear instructions on who should receive what, ensuring your loved ones are taken care of according to your wishes.
Guardianship of Minor Children
If you have children who are minors, a will provides an opportunity to name a guardian who is going to take care of them in the event of your untimely passing. Without a designated guardian, the decision of who will take care of your children may be left to the courts. This can cause an additional emotional strain during a challenging time.
Minimizing Family Conflict
When a will has not been written or developed, it can lead to disagreements and serious conflicts among family members. When there is not a person that has been selected for asset distribution, the potential for disputes can rise significantly. By creating a will, you provide a legally binding document that outlines your wishes, reducing the chances of family conflict during a difficult time.
Preserving Your Legacy
Your will is an opportunity to preserve your legacy beyond your lifetime. You can designate specific instructions on how you want your assets to be used or allocated, such as establishing charitable donations, creating educational funds, or supporting causes that are meaningful to you.
Peace of Mind
The most significant benefit of writing a will is the peace of mind it brings. Knowing that your affairs and best wishes are in order and that your loved ones are taken care of eliminates anxiety and stress. Writing a will allows you to make important decisions while you are of sound mind. This ensures that your wishes are carried out and removes the burden of decision-making from your loved ones during a time of grief.
Contact Barna, Guzy & Steffen
At Barna, Guzy & Steffen, we understand the importance of planning for the future. Our trusted attorneys can assist with the preparation of documents such as wills and trusts, as well as developing a plan designed to avoid family and business conflicts and minimize payment of taxes and expenses. Contact us today for more information.