Thu. Jun 20th, 2024

Where There’s a Will There’s a Way – How and Why to Ensure Your Assets are Distributed According to Your Wishes

Many think that only wealthy individuals with high-end homes, lavish properties, expensive cars, and safe deposit boxes stuffed with extravagant jewelry need to have a will. Nothing could be further from the truth. The fact is, in the event of your death, you don’t have to possess luxurious, pricey assets to need a legal document detailing your wishes for your most precious treasures, personal valuables, and cherished family heirlooms.

A Will Is an Absolute Necessity for Anyone With Minor Children

Choosing a guardian upon a parent’s untimely passing is quite possibly one of the most important reasons to have a will. If both parents or legal guardians are deceased without a will, the probate courts will decide who gets custody of the children. Without a legal will, your wishes will be unheard, and therefore most likely will go unfulfilled. To better understand the legalities, seek out a reputable wills lawyer Fort Worth TX who can answer any questions.

A Lack of a Will Fuels Family Feuds  

Who gets Aunt Betty’s antique Tiffany lamp? Grandpa’s coin collection? Without a legal document spelling out your wishes, family members’ interpretation of them could lead to chaos, grudges and, hurt feelings. It’s essential to draw up a will in advance to minimize the chance of family drama. Better still, if you can talk with your loved ones about your wishes beforehand, do so, so there are no surprises that can lead to these types of unfortunate family feuds.

Don’t Forget About the Fur-Babies

If you’re like most people, your pets are a big part of the family, and you naturally want only the best for them. That’s why it’s crucial to think about who would care for them if something happened to you. Of course, it’s important to discuss your wishes with your preferred person before adding them as their caregiver, so there are no surprises.

As you can see, there are many reasons to consider having a will. Peace of mind is number one.