Find out why you should write a will.
While the idea of creating your will might seem morbid to you, there are some reasons why you should undertake this important task. Here are the top benefits of writing your will now.
1) Choose a Guardian
What would happen to your children if you were to pass away without a will? Well, if you do not have a will, the state will choose who will care for your children. To avoid leaving your children with an unfit guardian, it’s important that you specify the guardian of your choice by creating your Last Will and Testament.
2) Split Your Assets
When you die without a will, your assets will be divided according to the general rules of your state. These rules might not align with your personal wishes and might not include close friends as beneficiaries. If you want to choose who will receive your assets, it’s important to write a will specifying who will get what.
3) Protect Your Business
By creating a will, you can name who will take over your business. If you do not specify who will take control of your company, the state will choose for you. If they select someone unfit, there’s a good chance your business will suffer, and ultimately fail.
4) Make Things Easier
Perhaps the most important reason to create a will is that it will make a difficult time a little bit easier for your loved ones. By creating a will, you will save your family and friends from having to deal with legal issues, and you can prevent any disagreements that might arise as a result of how the state divided your assets.
These are some of the major reasons why you should write your will. If you want another way to take care of your loved ones in the event of your passing, make sure you have the right life insurance coverage in place. To find the right policy to fit your needs, contact the experts at Pierce Insurance Group.