August is National Make-a- Will Month. For many busy Americans, this yearly reminder is just the motivation they need to finally sit down and create their last Will & Testament. If you don't have a legal Will, this is a great reminder to get your paperwork in order. And once you do, many find the process isn’t as long, tedious, or expensive as you may have anticipated.
A Will is a legally binding document that outlines your wishes after your death on important things like distribution of your assets, care of any minor children, and other final wishes.
Here are three great reasons that will motivate you to complete your Will this August.
1. It’s an important legal document that everyone should have.
All adults should have a Will — it’s a powerful document that lets you distribute your property and protect your loved ones after you pass away.
2. It provides peace of mind to you and your family.
Wills aren’t just for the rich and famous. They make life (and death) easier for everyone, regardless of socioeconomic status.
Consider your belongings. You may not think you own a lot, but you likely have more property than you realize: your home, vehicles, furniture, clothing, books, financial assets, sentimental items, and more. If you don’t have a Will, your loved ones will be tasked with finding a home for this property when you pass on. Creating a Will prevents family conflict, eliminates confusion, and ensures your assets go to the people you most want to have them. It also gives your family guidance and reassurance that they can fulfill your wishes during what is likely a very difficult time for them.
With a Will, you can also plan ahead for those who are in your care — for example, you can name a legal guardian for your minor children and choose who should care for your pets.
The logistical benefits of having a Will are important. But above all else, having a Will creates peace of mind for you and the people you love.
3. It lets you create a legacy that lasts beyond your lifetime.
None of us live forever. But there are ways to continue making a positive impact on this world long after you leave it. One of these ways is by donating to a charity in your Will.
There are many different ways you can use your Will to benefit a charity — you can give cash, stock, real estate property, and more. Leaving a gift for a nonprofit in your Will costs you nothing during your lifetime but will ensure that you can make a positive impact on causes close to your heart for years to come.
The process is simple – make an appointment to get one done before the end of National Make-A-Will month. You will be glad you did!