This article on Wills is provided by NextLifeBook — Your one stop shop for planning and organizing your life. Create, store and share important documents that your loved ones might need. Find out more about NextLifeBook
Many people think that Will writing is troublesome, expensive or even find that it is too early to make one. However, today Will writing is made easy because there are free online Will generators services available for you. They provided a step-by-step guide to guide you through the entire process, so not to worry!
Regardless of how much money you have or what stage of life you are in, having your Will prepared is an excellent way for you to make sure that your wishes will be taken care of, just in case something happens to you. Below are some benefits of having a Will:
1. Proper assets distribution according to your arrangements.
Having a Will allows you to distribute your assets according to your wish. If not, your state will have the final say on how your asset will be distributed. Even though the state laws arrangement may be good enough if you have no dependents, the exact distribution of it may not be ideal. It will be good to have a Will in place so that you can ensure your wishes are carried out.
2. Assign someone you trust to execute your Will.
Now you have written a Will, but how do you know it will be carried out? Instead of having the state to distribute your assets, you can name someone you trust to carry out your wishes according to your Will. This means the executor will make the trip to your bank and distribute your money accordingly. Make sure you assign someone you trust and inform them about their assignment.
3. Appoint a legal guardian for your children.
Without a Will and if both parents are no longer around, the state will assign a guardian to your children according to state laws. That may be someone not ideal to take care of your children as each family will have their own set of problems. Therefore, it’s a good idea to have a Will written so that you can have control over who Will be the legal guardian of your children in case anything happens.
4. Specify funeral wishes.
Do you want to be buried or cremated? Are there any money that you prepared for your funeral expenses? Facing a death is a stressful event for your loved ones. Don’t burden them further with unnecessary stress by specifying your funeral wishes in your Will.
5. Speed up the process of distributing your assets.
If you have a valid Will in place, it generally takes around 6 months to have your assets distributed properly if the complexity is minimum. However, without a will, there may be additional processes that the courts have to go through to find and distribute your assets. This adds unnecessary stress to your loved ones.
6. Ensure no messy dealings for your loved ones.
With a valid Will that has clear instructions on how you want your assets and wishes to be carried out, your loved ones will not have to go through unnecessary fights and arguments to distribute your assets amongst themselves.
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