More than half of Americans don’t have a will. If you’re among them, you should know that there are many reasons to have a will.
When you die without a will, you leave important decisions up to a local court and your state’s laws. You won’t have a say in who receives your property and other assets. Plus, not having a will can make it more difficult for your loved ones after you pass.Some reasons people don’t have a will:They can’t afford one.Save time, money, and stress for your loved ones- Without a will, the court has to name an administrator to administer your estate.
Choose who will take care of your minor children- If you’re a parent, you can use your will to select a guardian for your minor children. The surviving parent will usually get sole legal custody if one parent dies. But if both parents pass, this is one of the most important reasons to have a will. A guardian will be responsible for all your children’s daily needs, including food, housing, health care, education, and clothing.
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