The Importance of Making a Will

Someone’s time of death is hard to predict and also to think about. When a person of close relation passes, it has a detrimental effect. Even though the thought of death is difficult to cope with, everyone needs to prepare for the worst. One way to make the lives around you a little bit better is to personalize your own will. And of course life is not all about money, but in a situation like this, it could at least put the property and money in the proper hands. If someone is not prepared for their time of passing or tragically dies suddenly, then the person is then known as dying intestate. Now the distribution of your money is left to the judge. This can lead to a lot of controversy and will not make the overall situation any better. Your will is important to make, not just for, but for your friends and family. This is your life, control what happens to your hard earnings. A will is not difficult to make and it allows you the satisfaction of knowing where your property is going after you pass. In the will itself, you need to name the people who will inherit all of your belongings. So for an example, if your grandson really loved your statue that was displayed in your house and you knew he would have much appreciation for it, you would assign your grandson the statue in your written out will. The second thing you assign is a person who you think will be able to carry out your will. This person will make sure everything is being distributed as planned. Next would be a person who you would assign to look after your children. This is a very important part because this person(s) is the one that will control your children’s future. After that your will is finished. Now all that you need to make sure you have on there is your own signature, and at least 2 witness signatures unless it is written in your own handwriting. With a will ,you have the security that all of your belongings will be put in the best hands. If you pass away as intestate, then your lifelong belongings are left to a judge, who had no involvement in your life, to distribute. Dying intestate means that a person has died without making a will. When there is a situation like this, the probate court assigns an administrator and the estate is handled in the exact same way as in a case of a will. The only problem is that it is not YOU who is choosing where YOUR estate is going. From here your money is distributed to your heirs or adopted children after your wife inherits 1/3 or 1/2 of your property, depending on the state. Now if you pass away you have no children and no spouse then all your personal property goes to your parents. This seems like a reasonable place for all of your estate, but everyone have those non-blood-related friends or “family” that you would plan to share a portion of your property with. A will is more than just giving money away. It has a more sentimental value than retail value. This is for the people you were the closest with, and to help them throughout their lives even though you have passed on. A court can not do this job for you. It is crucial that you take the time early on in your life to make your will and change it as time passes. Take the role of assigning your property and estate into the hands that they belong.