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Legal Wills In America - A Top Priority
Chuck Blanaru
For most of us, life is hectic and we often put important issues such as preparing a legal will on the back burner. It is not a topic that most people like to think about, but the reality of having a legal will is extremely important and should be made a top priority.
Why are legal wills so important?
Legal wills determine who controls your estate after your death and identify who will inherit your estate. If you die without a legal will (Intestate), the Court will appoint an administrator, and State law will determine who is entitled to your estate and the amounts they will receive. Wouldn't you rather take the time to choose an executor (trustee or personal representative) to be in charge of your estate?
If you die, and your spouse is also deceased or unfit to act as the parent of your children, the Court will appoint someone to care for your kids. What if the appointed person is not an individual you would trust as the guardian for your children? Not only that - contested guardianship proceedings will result in the estate incurring needless expenses. If your family circumstances are complicated because you have children from different marriages, you may wish to consult with a legal expert for appropriate advice.
Preparing a legal will is not difficult - it is actually quite simple. Various legal considerations should be well thought out before making a will. It is wise to seek out persons or firms in your community that can provide you with financial advice, tax and estate planning and information on cremation, burial and funeral services.
Age is not a factor when it comes to preparing a will. If you have assets, property or family and want to ensure your estate is in order, you should consider the benefits of preparing a legal will.
It is prudent to stop and consider the dramatic and serious consequences that result from not having a legal will. Don't make the crucial mistake of "running out of time" and leaving your loved ones with a terrible burden. For your own peace of mind - take control of your estate and make it a priority to prepare your legal will.
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