We know we are going to die someday. Instead of causing any financial nightmare for your family, it always better to be prepared. It cannot lessen your loved ones grief but at least it can be assurance to them that their financial security has been taken care of.
Why you need a will?
Most people think that it’s way too early to decide on writing a will. But the truth is that it’s never early, if you have assets and you want to family to get the benefits then you should consider making one. It’s sad but true that if you are not there for them tomorrow they may struggle paying bills. If you have no will then all your money will be locked off in your bank. It’s also not a hectic job to do these days. If you don’t want any hassle with the lawyers there are free will forms available online which will help you satisfy your needs. If you have no legal guidance while making a will, you specify these conditions in your will forms
- Children: If you have children under 18, you can specify who will be their legal guardian after you. Making free wills can help in getting them funds for future.
- Pets: You have to specify how your pets are taken care of.
- Divorced: if your ex remarries, then will your asset be divided with them?
- Unmarried: if you and your partner are unmarried, then law won’t recognize this. So you making a will are your better option.
- Specify funeral plans: You can also write about how you want your funeral to be and relieve your family about deciding on it.
- Update wills: A decades old will not be legal so never forget about updating it if you have more children or you remarry
- Property: You have to specify how your property will be divided after you.