A last will and testament is a legally binding document that indicates a person’s final wishes. It can outline what to do with possessions, who will inherit them, or decide to donate to charity. At the same time, it can indicate custody of dependents or interest management. Still, many people wonder why you should have a last will and testament.
In our law firm, we received this question several times. So, we decided to ask our expert attorneys in last will and testament to share their top five reasons why you need these. Keep reading this article to explore the reasons why everyone should have a last will and testament designed by a professional law firm.
#1 You’ll decide how your estate will be managed
One of the reasons why you need a last will and testament is that you’ll be able to indicate how your estate will be distributed. This legally-binding document will help you establish how your property will be handled after your death. Keep in mind that without it, there is no guarantee your desires will be met. Besides, a testament is a great tool to prevent family disputes about inheritance.
#2 You’ll decide legal guardianship of minor children
Another compelling reason why you should ask a law firm to create a last will for you is that you’ll get to determine who will receive guardianship of minor children. A will is a great tool to make an informed decision concerning minor children. Still, if you have teenagers, it is highly recommended to ask them who will prefer to live in case of your death. In this way, you won’t force your kids to live with someone they don’t want to.
#3 You’ll decide whether you’ll donate some of your assets to charity
If you’re one of those persons, you most likely feel good about donating for a good cause. So, why not use your last will and testament to support one or more charities? Well, a law firm can guide you through this process and help you create a compelling testament in which you state your desire to donate some of the assets.
#4 You’ll protect your loved one
Well, if you die without a last will, your loved one will have to take your family’s needs to Court. The Court will be the only one authorized to decide how your assets should be divided among family members. And this can take a toll on the grieving process. So, having a testament can save your loved ones time and hassle, allowing them to grieve their loss.
#5 You never know what will happen tomorrow
We all should be able to acknowledge that death can happen at any time in our lives. Unexpected death or disability can occur when you expect it less. So, it is best to be prepared for such events with a last will and testament. It can ease the stress and emotional toll on all your family members.
Final word
There are several reasons why you should have a last will and testament. And besides the five listed above, we encourage you to choose the services of an experienced law firm. In this way, you’ll be sure your legal document will be created accordingly to your needs and expectations.
