Why You Should Write a Will

A Will allows you to achieve many objectives. You can state how your property should be divided, provide for your loved ones and favorite charity, determine who will receive your heirlooms, set up trust funds, and nominate a guardian for your minor children. The use of a Will can save expense during the distribution of your property after your death. Distributing your assets to your family as soon as possible after your death will help them to avoid financial difficulties and emotional stress. When you create a will, you'll be able to designate:

• The persons or organizations that will receive your property after your death.
• The distribution of your property after your death.
• The person or organization who will carry out the terms of the Will.
• Who will have the responsibility for the minor children if the other parent is unable to serve as the natural guardian.

If you fail to write a will before your death, the distribution of your estate will be decided by state law or by the courts.

Laws on this topic may vary from state to state. This content is not meant to provide you with complete information and it is not intended to be legal or tax advice. It is recommended that you consult with your own attorney, accountant or other advisor regarding your specific situation.