Here are some of the reasons why you need to write a will.
While you might hate to think about it, writing your will is one of the best things you can do for yourself and your loved ones. Here are some of the main reasons why you should take the time to create your will today.
- Dividing Your Assets
A will is a legally binding document that gives you the power to decide how your estate will be handled in the event of your death. If you die without having a will, then it is up to the state to determine what will happen to your assets. By directly stating how you want your estate to be divided, you will prevent familial squabbles and make sure that your loved ones all get a fair share.
- Naming a Guardian for Your Children
A will also allows you to personally choose who will care for your minor children. If you do not have a will at the time of your death, then the state will decide on a guardian as it sees fit. If you do not want to leave your children’s future in the hands of the state, then you need to write a will and specifically state whom you want as legal guardian to your kids.
- Taking Care of Your Business
If you run your own business, it’s important that you leave your company in the right hands. Much like your children, you can name an heir to your business in your will. If you die without naming an heir, the state will determine who will take over your business. If you want to act in your business’s best interest, be sure to specifically name whom you want to take your business over.
These are some of the major reasons why you should write your will. Want another way to prepare for the worst? Make sure you have proper the life insurance protection in place. To find the right policies to fit your needs, contact the experts at Duane Weber Insurance, Inc. Located in Kent, Washington, we are always ready to assist you with your insurance needs.