Statics say that 7 out of 10 Americans don’t have will in place, the reality is that 10 out of 10 of us will need one eventually.
We all have different reasons for why we don’t have a will in place. It costs too much and we need to spend the money on more important things. Nothing I own is valuable. I don’t want to think about dying.
All of us at some point are going to die. We hope it will be a long way off but we never know when our time is up. Death is not something reserved for the elderly, it touches all of us no matter the age group we are in. Accidents, illness. catastrophy and natural disasters have no respect for age. They will take anyone no matter how young or how old. This is why we need to have a will in place, to make sure that our wishes are followed and our loved ones are protected from further drama.
Families will fight over your possessions no matter how worthless you think they are because when we die, the most worthless piece of junk we own can suddenly become the most valued of sentimental treasures. Suddenly your worthless piece of junk is at the center of family fight over who gets possession of it. A fight that may have been avoided if you had a will in place.
For younger people a will can be even more important when it comes to your children. What if, God forbid an accident claims both parents? Who will your children be raised by? A sibling? Which set of grandparents? Who would you want them to go to? A will can settle this question.
It can be even more complicated in a blended family. When you have divorced and remarried. Your children have been raised in an environment where your spouse is the parent and now you have a biological parent in the equation. Do you want your child uprooted and taken out of a familiar environment at a time when they are already traumatized by the death of a parent?
These are issues that a Last Will and Testament can address. Your wishes are recorded to guide those left behind. Cost should not prevent anyone from protecting loved ones who remain behind.