The trend of people writing a will before cremation services Richland, PA, is on the rise. But still, a lot many people never think about writing a will – one of the most important legal documents you create before dying.
One truth we know about life is that it’s not infinite. We all have to leave this place one day, leaving behind our families to settle what’s left of us, especially of the estate. When a person dies without a will, it adds a burden to the family on how to divide or transfer the deceased’s assets.
Why Is It Important to Write a Will?
If you’re still unsure about the efficacy of writing a will, the below arguments will clear your doubts up.
1. Divide or Transfer Your Assets as You Want
The foremost benefit of writing a will is that it guarantees your financial assets are distributed among loved ones as you want. If property estate documents are not properly drafted, your family can get into legal conflict over the distribution of assets.
As a result, people or organizations you wished to inherit your assets may not get them as the right to decide legitimate hers falls on probate courts. It’s especially important when your assets carry emotional value, for both you and the heirs.
2. Honor Your Final Wishes
The best thing about having a will is that you got to choose the executor who will be responsible for settling all your leftover tasks, as per your wishes. Mostly, this executor is a trusted lawyer who knows the ins and outs of legal processes associated with death.
He/she is responsible for canceling credit cards, closing bank accounts, settling debts, ensuring the distribution of assets, and so on. Without an executor, the State will oversee all these tasks – which can delay asset distribution among the heirs.
3. Protect Family from Rift and Legal Troubles
As mentioned earlier, in the absence of a will, probate courts will decide the distribution of your assets. That can put your family in unnecessary legal complications, particularly if someone in the family files a wrongful death lawsuit.
Similarly, many other legal complications can arise in the case of unmarried couples and blended families (the deceased has children from previous marriages). That’s why it is necessary to have a well-crafted will to smooth things for your loved ones.
This comes true when your children are still minors and you pass away. Your written will makes sure they are in the right hands when you leave them suddenly. Within the will, you explicitly list the guardian who will be responsible for bringing up your kids and give them the due ownership of your assets when they come of age.
That is, a will ensures the financial security of your children to help them enter into adulthood with minimum burden on themselves and their guardians.
That brings us to the end of this blog. It shows that writing a will is crucial to avoid unnecessary conflicts within the family. Also, a will makes sure your final wishes are fulfilled as you would have wanted after cremation services Richland, PA.