Do you need a Will?
That all depends upon where you’re at in your life.
Someone in their early twenties for example, may not yet have a family to support nor own any major property. In this instance, a life insurance policy might be all you really need at this point.
But once you start accumulating assets and building a family, a Will becomes a crucial part of your estate plan.
Your Will can tell the courts how to distribute your assets, so that your brother gets your grandfather’s baseball card collection and your sister gets that antique tea set she’s always wanted.
Without this important document, a judge will decide how the assets should be distributed and it may or may not be the way you would want.
Your Will also tells the court who should act as guardian for your children in the event that something happens to you and the other parent. This ensures that your children are well-taken care of and that you have the opportunity to choose someone who has the same values and parenting methods as you.
Of course, a Will isn’t the only item you should have in your estate plan. If you’d like to learn more about protecting your family and your assets, give our office a call today.