A will is a legal document that records how you wish to distribute your properties after your death. Most people put off making a will till they are very old or unwell. But this is not a wise decision. Life is uncertain, and if you defer such an important job, you never know what may happen to your loved ones in your absence.
A law firm such as Stewart Miller Simmons Trial Attorneys know that people with dependent family or children must make a will right away. If you are wondering why, here are some of the reasons:
To Look After Minor Children
Do you have a minor child who is wholly dependent on you? Then it is crucial for you to nominate the right person who can act as the guardian in your absence. The guardian can take care of your children and provide them with all their necessities until your children attain the legal age.
If there is no will, then the court decides on the guardian or takes the children in their own custody. This may lead your children into the wrong hands, and they may have to face lots of hardships. A will is the best way to avert such hardships.
To Save Money
Settling property without a will is a costly and stressful procedure. Your loved ones will have to go through complicated legal procedures before they can settle their claim. This involves a lot of hassle, and they may even have to pay heavy processing charges. Having a will in place can save your loved ones from all of that.
Since the will states who you intend to give your property to, all the intermediary steps can be skipped. The property will directly reach the rightful owner.
To Prevent Family Feuds
When you have more than one child or dependent family members who may inherit your property, it creates chances of a feud. You definitely do not want your family members to fight among themselves when you are not here to look after them. A well thought out well, made when you were fit, and eliminates the chances of such a feud.
You can clearly state who will inherit what share of the property and who will not.
To Pay Medical Bills
If you fall ill, you may not be in the condition to look after your property or decide how your money is invested. In such cases, too, it will work the best. In your will, you can state who is going to look after your property when you are unwell. You may also make arrangements for how your medical bills are to be paid. Thus you can lead a dignified life till the end.
Not just these, wills that are made when you are still active have a lesser chance of being contested in the courts. So why leave the most important decisions of your life in the hands of tomorrow? Make your will right away and secure the life of your loved ones.