For many people making a will isn’t the most pleasant of tasks, and consequently, too few people do it. According to many surveys most people don’t have a will. The biggest reason cited by many: They just never got around to it. Some said they didn’t want to think about death.
As I’ve written before, many people think wills are only needed by the wealthy. But almost everyone can benefit from having a will. Do your children have a guardian designated to care for and raise them if you and your spouse pass away while your children are minors? Some people think their property will go to their family and that is who they want to receive it, so why should they have a will? First, state laws about where your property will go may not pass it to the person you think will receive it. Second, even if it does eventually get to those people, probate of your estate is most likely going to be more expensive and time-consuming if you don’t have a will.
So what does it take to make a will? Think of who you want to handle paying your bills when you pass away and to distribute your estate. Think of who you want to be the beneficiaries of your estate. And if those beneficiaries don’t survive you, who should get it next? If you have children, who do you want their guardian to be when you and your spouse pass away? Once you have those questions answered, you are ready to begin. Call a good estate planning attorney and talk over what the process is. It isn’t hard and pretty soon you will have your will prepared and feel much more confident that your estate will be handled as you wish when you pass away.
If you are in Dallas, Denton or Collin Counties, give our office a call for an appointment to discuss your objectives. We will be happy to help you this month or any other month of the year.