Do I Really Need a Will?
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You can also use your will to tell people about any other wishes you have, like instructions for your burial or cremation. If your family is small and you want to leave everything to them, making your will is fairly straightforward. Sorry, web chat is only available on internet browsers with JavaScript. Sorry, web chat is currently offline, our opening hours are. Give us a call for free and impartial money advice.
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Four reasons why you need a will
Read our guide on Choosing your executor. Writing a will — your options. Did you find this guide helpful? Thank you for your feedback. You can do this with a will. Another misconception about having a will is the idea that having a will causes your heirs to have to go through probate, and that it will be difficult and expensive. If you die without a will, the probate court is still going to oversee the distribution of your assets to your heirs.
Do I Need a Will?
There is absolutely no reason to think that this process is made easier or less expensive by your not having a will. In fact, it will probably be more expensive. For one thing, whoever administers your estate will probably have to post a surety bond if you don't have a will. If you do have a will, not only can you choose the person who will administer your estate , you can provide that he or she will not have to post a surety bond.
If so, you really need a will. If you don't have one, the probate court will have to set up a conservatorship to manage your children's share of your property. A judge will decide who manages the money. When each child turns 18, he or she will get his share, whether they can handle it or not. If you have a will, you can decide who will manage your children's inheritance on their behalf and you can choose the age at which you want it to be distributed to them. Even if your estate is small, there are good reasons to have a will.
You can create a will and other common estate planning documents on your own using quality software or books. It can be done in a couple hours for under one hundred dollars. If you're not comfortable creating these documents on your own, you can see an attorney who practices in the area of estate planning.
This attorney can also help you decide if you need more advanced estate planning techniques and help you implement an estate plan that is best suited to your needs. The information provided on this site is not legal advice, does not constitute a lawyer referral service, and no attorney-client or confidential relationship is or will be formed by use of the site.
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Why you should make a will
Why You Need a Will. Everyone should have the most basic estate planning document: Share on Google Plus.
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What Does a Will Do?