Did you know that August is National Make-A-Will Month? For many of us, this annual reminder is the motivation we need to sit down and create a will. Fortunately, it’s easier than we anticipate once we get started.
Don’t have a will yet? Whether you’ve been busy or don’t know where to start, here are three great reasons to write your will this August.
(1) It provides peace of mind for you and your family.
If you have “stuff,” you should have a will. Wills aren’t just for the rich and they make life (and death) easier for those you love and care about.
Consider your “stuff” aka your belongings. You may not think you own a lot, yet you probably own more than you realize when you take into consideration your home, vehicles, furniture, clothing, books, sentimental items, and more. Importantly, creating a will prevents family conflict, eliminates confusion, and ensures your assets go where you want them to go. It also gives your family guidance and reassurance that they can fulfill your wishes during what is a difficult time for them. Further, if you don’t have a will, the laws of your state will determine how your belongings are divided, and it may not be what you want.
Your will can name a legal guardian for your minor and special needs children. You know who you trust to care for your children, and you don’t want to leave that decision to others. You can also choose who should care for any pets. While the logistical benefits of having a will are important, most importantly, having a will creates peace of mind for you and those you love.
(2) It lets you create a legacy that lasts beyond your lifetime.
None of us live forever. However, there are ways to continue making a positive impact on this world long after you leave it. One of these ways is by donating to a charity in your will. (Unsubtle hint – like CASA of Allegheny County)
You may have a passion for child welfare, animals, the environment, a church or a social justice organization, and you may have contributed over your lifetime. Supporting the organization in your will gives you full access to your money while you need it. Then it can support a cause important to you.
Whether you leave cash, stock, or real estate property, for example, leaving a gift for a nonprofit in your will costs you nothing during your lifetime, and ensures that you will make a positive impact on causes close to your heart for the foreseeable future. Consider a percentage (%) or a dollar amount.
(3) It’s an important legal document that everyone should have.
All adults should have a will — it’s a powerful document that lets you distribute your property and protect your loved ones after you pass away. Now, during Make-A-Will Month is the time to take this important step to protect yourself and your loved ones. Contact your legal advisor to get started. If I can help, please let me know - email@example.com.