No one likes to talk about death. However, having a will in place can help relieve stress, financial problems and conflict among your loved ones once you become incapacitated or pass on.
While a will is essential, most people don’t have it. This means that the fate of their assets will be left to the court. The court will decide who receives what portion of your possessions, making things harder for your loved ones.
Below are three ways you can benefit from having a will:
1. You can reduce the potential for family conflicts.
A will can help reduce stress and conflict among your loved ones. In addition, it will simplify things for them when handling your affairs and distributing your possessions. A will also makes sure that your wishes are followed. If you die intestate, or without a will, your assets will be distributed according to state law, and that may not be what you desire.
2. You can choose a guardian for your children
If you have children, you can name a guardian in your will in case you and your co-parent both die in a common accident. The guardian will be responsible for the children’s needs, like education, food, shelter, housing and clothing. Remember, without a will, the court will pick a guardian for your children.
3. You can leave directives for your digital assets
Digital assets include social media accounts, digital files and online subscriptions. Without a will, your assets can be assessed by anyone and become prone to identity theft and other malicious activities. A will allows you to appoint a digital executor to manage your digital assets.
There are many benefits of having a will. It will help safeguard your possessions and give your loved ones peace of mind. However, consider seeking legal guidance with your will to ensure nothing is left to chance.