Why should I have a will?
Of course, it is completely understandable that no one wants to think about what will happen after they die. However, everyone dies at some point and therefore it is important that you are prepared for when this happens. It is beneficial for everyone to have somewhat of a plan in regards to what will happen to all of their belongings once they pass away. In order to ensure that there is a plan for who will take over your assets, you should construct a will. A will can inform your family members and other loved ones that they will receive some of your assets such as your home, car, heirlooms, funds, etc. in the event that you pass away, whether you are expecting it or not.
It is also important to be aware of the different times throughout life that you should consider updating your will. You should update your will every time you have a significant life event. If you get married, have a child, get divorced, or strain relationships with a person, you should consider adding or removing that person from your will. You don’t necessarily have to include everyone you know in your will. In fact, you should not feel pressured to include anyone that you don’t want to have in your will.
The reason that it is so important to have your will prepared is because if you don’t have one, your loved ones might disagree about your assets and inevitably strain their relationships with each other. Planning for the future is important not only for the security of your belongings but also because it can give your loved ones peace of mind during the difficult time after you pass. If you need assistance constructing a will, please contact an experienced estate planning attorney.
Contact a New York wills, trusts, and estates lawyer at Weinstein, Chase, Messinger & Peters, P.C. with any questions you may have about your legal rights or to schedule a free case consultation and evaluation.