Yes, Everyone Should Have A Will
“Do you need to be wealthy to have a will ?”
No, you do not need to be wealthy to have a will. Generally, everyone should have a will. A will is a legal document that allows you to specify how you want your assets to be distributed after your death. Regardless of the size of your estate or your income level, having a will ensures that your wishes are followed and can provide clarity and peace of mind for your loved ones. Without a will, the distribution of your assets would be governed by intestacy laws of your State, and this can lead to undesired results. Having a will is crucial for anyone who wants to ensure that their wishes are carried out and their loved ones are provided for, regardless of their financial status
Legal Implications and Benefits
From a legal perspective, having a will can simplify the probate process, cost far less in legal fees, provide clarity on your intentions, and potentially minimize family disputes. It can also help reduce the overall administrative burden on your loved ones during an already emotionally challenging time. Furthermore, for individuals with complex family situations or specific philanthropic goals, a will allows for detailed and customized instructions that reflect their values and priorities. As such, the benefits of having a will extend far beyond financial considerations and can provide peace of mind and security for individuals from all walks of life.
Lifetime Planners make it extremely easy for you to create your will and then have it probated after your passing. All our estate planning packages are fully customizable and includes options that enable you to select who you would like to serve as the executor or personal representative of your estate, and specify exactly where you want your assets to go upon your passing.