Feeds:
Posts
Comments

Posts Tagged ‘simple will’

DEATH-the mere mention of this word elicits numerous emotional responses from those who hear it or see it in print.  To some; it means “relief’ from a long and painful ordeal; to others; a tragic ending as a young parent whose life suddenly ends without warning; to still others, questions of “why me or why them”.

No matter what the emotional response, there are certain realities to be dealt with when someone dies.  After the initial items of funeral arrangements, paying of immediate bills and obtaining information about ones financial affairs, there is what happens to one’s property; house, car, retirement accounts (if any), household goods, etc.

Hopefully, the deceased preplanned by drafting a will to set forth their desire as to who will handle the administration of the estate and belongings.  Also, if minor children are left behind, the deceased left written instructions as to the Guardian of said children and what was to be done with their assets.

Unfortunately and sadly, this is not always the case.  Statistically, more than 60% of those in the United States die without a will and/or any directive for the distribution of estates.  The issue of a will is something we “put off” or tell ourselves that we will “get around to it” at a later date.  Since no one is guaranteed to live to a certain age, we take chances with distribution of assets and the security of those loved ones left behind.

The problems that may result from not having a will are far too numerous for this article.  Most simple wills cost less than $250.00. However, most problems that occur cost several thousand to rectify. We need to ask ourselves which is the smarter course of action and if you answered, “To make a will”, then you are not only smart but correct.

I urge each individual who does not have a will or who knows of a loved one without a will to make an appointment with an attorney to discuss the pros and cons of your wishes.  It is one of the best decisions that you will make in your life for you and your loved ones.  If you do have a will, update it every 3 to 5 years. Your circumstances have probably changed during this time period.

by Larry Pearman- Attorney at Law

Thank you Larry for providing this educational and enlightening article. Let’s check my will soon.

Peace

Diana

Read Full Post »