In today's fast-paced world, planning for the unexpected is more crucial than ever. Despite the necessity, many people overlook one significant aspect of life's planning: drafting a will. A will is not just for the wealthy or the elderly; it is an essential document for anyone who wishes to have a say in how their affairs are managed after they pass. Understanding why everyone needs a will is the first step in taking charge of your future.

Ensure Your Assets Are Distributed According to Your Wishes

One of the primary reasons to have a will is to ensure that your assets are distributed according to your wishes. Without a will, state laws will determine who inherits your property, which may not align with your desires. This could lead to unintended beneficiaries and, in the worst cases, familial disputes and legal battles. Moreover, having a will provides a sense of control and peace of mind, knowing that those you care about are protected and provided for in a manner consistent with your intentions.

Simplifying the Process for Your Loved Ones

Despite the clear benefits, a staggering number of Americans have yet to create a will. According to CNBC, 67% of Americans lack an estate plan, which leaves a significant portion of the population at risk of having their estates settled through the generic processes of probate courts. Without a will in place, your estate may be settled through generic legal processes that may not reflect your wishes. Taking the time to draft a will can prevent your loved ones from facing these difficulties and give them the clarity and direction they need in a difficult moment.

Protecting Your Children’s Future

In addition to asset distribution, a will allows you to appoint guardians for minor children, making it an indispensable document for parents. Without legal instructions, the court will decide who will be responsible for your children, which may not reflect your wishes. By having a will in place, you ensure your children's future is in the right hands, providing them with stability and continuity during a challenging life transition.

Creating a will is a critical step in safeguarding your legacy and ensuring your personal wishes are honored. Whether you have substantial assets or just a few cherished belongings, a will gives you control over your future at a time when you cannot express your desires. If you're looking for estate lawyers in the Omaha, NE area, contact Reisinger Booth & Associates, PC, LLO to request an appointment.