While for many of us, August is the last month of summer; it is also a significant month for another reason. It’s dedicated to something we all must consider: our wills. Yes, it’s National Make a Will Month, a critical reminder for every adult to think about creating or updating their will and other components of their estate plan.
Whether you have a vast estate or a few cherished possessions, a will is an essential estate planning tool that maps out how your wishes should be carried out after you’re gone.
Why Create a Will?
- Control Over Your Estate: Your will lets you decide who receives what rather than leaving it up to state law.
- Protect Your Children: You can nominate guardians for your minor children.
- Ease the Burden on Family: A clear will can help loved ones avoid disputes and confusion.
- Charitable Giving: You can specify charitable donations to the organizations that matter to you.
How to Start
- Assess Your Assets: List your significant assets, including properties, investments, and valuable personal possessions.
- Choose Your Beneficiaries: Decide who will receive your assets and in what proportion.
- Select an Executor: This person will manage the execution of your will. Choose someone trustworthy.
- Consult a Professional: An attorney specializing in estate planning can guide you through the complexities.
- Keep it Updated: Life changes, and so should your will. Regular reviews ensure it aligns with your current situation.
Your legacy deserves protection, and there’s no better time than now to ensure your wishes are fulfilled. This National Make a Will Month, take the time to invest in peace of mind for yourself and your loved ones.
Are you ready to start planning? Our Life, Family, and Legacy Strategy Session is the perfect place to start. Schedule your session today.
