Writing your will can be stressful and bring on a lot of anxiety. However, it’s an important thing to do for your loved ones before you pass on. By having a will made out, they will not have to guess about your wishes were. They will also have less conflict with each other if you have a will.
Even if you are young and healthy, it is still critical to have a will in place. Life and can throw you curveballs at time and you want to be prepared for them.
When Is It Time to Write a Will?
There are certain milestones in life that should prompt you to draft a will, including:
You Got Married
If you just got married, it is important to create or update your will. You may have had a previous partner listed on your will to inherit your assets and want to remove that person. Updating your will also allows you to state which assets you want your spouse to inherit upon your passing.
You Got Divorced
If you got divorced, it is unlikely that you want your ex-spouse to inherit your assets. That is why you should update your will. If you have children under the age of 18, you can write down your wish for child custody.
You Bought a Big Asset
Have you recently purchase a major item? If so, you may want to include who you want to inherit it in your will. Major assets can include boats, homes, vehicles, artwork and jewelry and other high-price items.
You Added a Child
A will can ensure your children are taken care of if you pass. If you have added a child to your family, you should update your will. Because minor children aren’t allowed to own property, it is critical to create a trust on their behalf. If you schedule an appointment with an estate lawyer Sacramento trusts, he or she can help you create a trust and give you information about ways you can save taxes.
Contact a Lawyer for Assistance
Drafting a will doesn’t have to be a stressful ordeal. If you hire an experienced estate planning attorney to help you create a will, you can take a lot of stress off your back. Call a reputable estate planning attorney today to schedule an appointment to talk about your will.
Thanks to our friends and contributors from Yee Law Group for their insight into estate planning practice.