If you don’t have a lot of money or property, you might be thinking that you don’t need a Will. However, creating a Will can be important for anyone. For instance:
Items of Sentimental Value
Over the years, you may have acquired items of particular sentimental value. They may be items that have been passed down in your family, or they may be items that you acquired in your younger years. Even if those items do not have great monetary value, if you have items of sentimental value, you will want to make sure that someone who will appreciate the items will end up with them. Even if you’ve told people who gets what item, don’t assume that people are going to automatically respect your wishes once you are gone. Make your desires clear in your Will.
Many young couples do not have significant assets, but a large number of them have minor children. Never leave your children’s fate up to chance. It is important to make it clear in your Will who you want to care for your children if you die. Accidents happen, so don’t assume that good health means that you don’t need to name a guardian for your children in your Will. Before naming someone as your children’s potential guardian, it is important to make sure that the person is comfortable taking care of your children if you die.
Marriage, divorce, or even a long-term separation are times when you will likely want to update your current Will or create a new one. Even if you don’t have a lot to leave behind, you’ll likely not want an ex-spouse to inherit it. In the same sense, even if your house, car, or other items are only in your name right now, you will likely want your new spouse to get them if you should die unexpectedly.
Contact us if you have any questions about creating a Will or if you are ready to make a will.