When do you need a will? The answer is easy: Right Now.
You may be wondering if it is time to draw up a will. Even if you don’t have a large net worth, you may want your assets distributed according to your wishes if something should happen to you. And if you are married or have children, its important to make your wishes known while you can. Here are a few things to consider.
- Who, or what organization will inherit your assets when you die?
- Who will be the guardians of your children?
- Who will manage the property that will go to your minor children?
- Who is the executor or the person in charge of acting out your wishes?
If your assets are relatively simple, you may want to create your own will using a software program. If you have custody issues with children or a more complex estate consider using an attorney who may be able to ensure that you don’t have unexpected problems.
If you already have a will consider reviewing it every five years, or when a major life event occurs.
When do you need a will? — The answer is easy. — Right Now!
