When most people think about writing a Will, they immediately think of excuses to NOT write one: there are chores to be done, fun activities to plan, sleep to catch up on, and what are the chances that the worst will happen anyway? Besides, there’s always tomorrow….
We know how easy it is to procrastinate, so we’ve come up with a list of the top five excuses for not making your Will — and why they don’t work.
Sure, you know where you want your assets to go, but does your family? If you don’t leave a Will, that leaves room for disagreements between your survivors about the division of your estate, which could lead to lengthy, expensive and emotionally-taxing legal battles. Also, without a Will, your property and assets will be settled via the laws of your state, which may not be in line with your wishes.
A Will isn’t just for those with huge estates. If there are any heirlooms or objects of importance that you want certain people to have, you’ll need to specify that in your Will. Essentially, a Will allows you to make your wishes known, which can reduce the stress on your survivors. Even small things like stating your preferences for funeral and memorial plans, or charitable gifting, can ease the burden on your friends and family of settling your estate.
Unless you wrote a Will recently, it’s probably a good idea to update your estate plan. For one thing, your Will should reflect important life events — have you gotten married or divorced since you made your Will? Have you had children, bought or sold property, or inherited any assets? What about your beneficiaries? Have they married, divorced, had children, or otherwise changed their lifestyles? If there have been changes that could affect how you’d divide your assets, you need to update your Will. You might also want to update your estate plan to reflect changes in property values, as well as to take advantage of various estate tax laws.
Writing a Will from scratch would be a daunting task for anyone. Luckily, you’ve got help. With Rocket Lawyer’s document interview process, it’s as easy as answering questions about your situation and desires. This means that as long as you have a computer and internet connection, not to mention your own knowledge of your situation, you have all the tools you need to create a Will in minutes.
This month, cost is no excuse: during Make-a-Will month, you can create your Will online with Rocket Lawyer for free! You don’t need an attorney to write your Will, however if you have any questions or just want a professional to look over your document, you can contact a lawyer in the Rocket Lawyer network for help or a document review.
Don’t wait to make your Will. There’s really no good excuse not to!