Your last will is a legal document about your assets, properties and finances explaining what will happen to them after you are gone. The stats even show that despite a number of benefits of writing a will, many people don’t create one and die leaving a huge amount of money. The family members face several conflicts if no will is drafted with the help of a reputed Boca Raton Estate Planning Attorney. If you are still thinking about why you should write a will, you must read on and find out the answer yourself.
Saving your family members from the stress and conflicts
One of the reasons why you should write a will is to avoid conflicts amongst family members after you are gone. For the distribution of the assets, you might have to go to the probate court so that the legal process starts. In the absence of a will, the family members may have to wait for several years for the distribution of the assets. Probate may be an expensive process and the loved ones will have to spend money and time to obtain these assets.
Managing your assets
If you have earned sufficient during your lifetime, you will be worried about who will manage your assets and make a suitable decision. By writing a will, you can delegate the duties to someone best-suited to your business and estate. You don’t have to worry about going your hard-earned money in some undeserving hands. The person will be held responsible for closing bank accounts or liquidating your assets. This is the biggest responsibility and you need to assign someone who is intelligent and capable of fulfilling all these duties.
Distributing your property and money
The will is the best way to distribute the property as well as the money in the best possible manner. You can decide who will get what. This may be the major reason for the conflict between family members. By writing a will, you can tell them about it and may change if someone is not happy with it.
Looking after the Medicare and treatment
You can even decide who can make the decisions about your health in case you are physically or mentally not able to do so. You can mention the name of the person who will look after you if you are incapacitated.
An estate planning lawyer is the best person who can assist you in making a will.
