A lifetime of accumulated assets, property and mementos can be passed down to your loved ones through a Last Will and Testament. Other reasons to take the time to prepare a will are:
- You care about your family and do not want to leave them to figure out the distribution of your assets after your death. Proper estate planning is one of the most thoughtful gifts you can give your family.
- Because people may not die in the order you plan, a Last Will and Testament will convey your wishes to a loved one if the co-owners on your accounts die before you do.
- You can include plans to give gifts to a charitable, religious or community organization that has played a significant role in your life.
- You do not want the state to determine how your assets and property will be divided and distributed. With a Last Will and Testament, you rather than the state can make the decision of how your assets will be distributed.
- You do not want your family to fight over your personal items or on what your wishes might have been. Instead, communicate your wishes to your loved ones in a will.
- The court will decide who will be your executor and take care of your affairs after your death. It will be much easier on your family if you have already decided who will handle your affairs.
While a Last Will and testament may not be appropriate for your specific situation, you should seek the advice of an elder law attorney to ensure that your wishes will be followed upon your death.