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Why It's Important To Have A Will

May 31, 2012 | Comments: 0 | Views: 158

Of course no one wants to think about the possibility of his or her own death. It is important that you make sure that your family and loved ones are provided for if anything were to happen to you. If you don't already have a well and now is the time to give it some serious thought. If you already have the will and the need to make some changes in these should do so now because if something were to happen to you it will be too late to make those changes.

Always be sure that your final wishes are partly documented because the court will take a look at your will and that will be the final proof of what your wishes are regarding your assets upon your death. If you don't have a written will when you die and the courts will assess what will happen to your assets and they will decide what will happen based on what they believe is best. The problem here is that what they believe is best mean not match up with your wishes so just make sure you take a serious look at making a Will as soon as possible.

Perhaps by explaining what the will is it will become clear why you need to make one as soon as possible. A Will is basically a document that contains all of your wishes and instructions regarding your property and assets and how they will be distributed after your death. Any person can create a will at any. Oh well is not only for people who have reached each where death is not far away. The truth is that people die at all ages see you should seriously consider a Will as soon as possible. This is especially important if you have property or assets that you want to be allocated to certain people upon your death.

A Will is a signed, written statement expressing your wishes regarding how your property is to be distributed. It's a legal document and it will contain the names of the people who you want to benefit, called beneficiaries, and the details of your possessions at the time of your death. Your property and possessions should include everything you. Items such as homes, land, jewelry, artwork, boats, furniture, and vehicles should be included. Even investment such as shares and stocks and bank accounts should be clearly defined in a will. I will is the only way you will be able to make sure that your assets will be handled according to your wishes upon your death.

It is extremely important that you create a well because if a person dies without a will then the law will be applied. The legal term for dying without a will is intestate. If you die intestate, the court will determine how things would be done, how your property will be distributed, and who your beneficiaries will be. Having a will is a must to ensure that everything is handled according to your wishes upon your death.

Since most of us don't know when were going to die we should really approach creating a well is if we don't have much time left. Creating a Will can greatly reduce the risk of arguments among your family members and your beneficiaries after your death. Take a few minutes, sit down, and draft a will as soon as you can.

Jon McCaley is a legal assistant from Boston, Massachusetts. In his free time he enjoys volunteering at a local hospital, writing, reading, and caring for his two dogs, Mika and Lee.

Source: EzineArticles
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