No matter how small your property or whether you are married or not, there is no question that having a last will and testament is an important legal step you need to take for the future. Almost 72% of American seniors have a will written, but a will does not necessarily imply old age. In fact, the sooner you draft your will, the better.
Not convinced having a will is important? Here is a little taste of some of the legal trouble you could get into if you die without one.
Inestacy
Laws regarding dying without a last will and testament in place vary from state to state, but the distribution of property and assets will usually follow a pretty standard pattern no matter where you go. This depends on several factors, including your marital status, whether or not you have children, and what siblings or other family you might have. But regardless of all of that, if you do not possess a last will and testament, you will have zero control over who gets what. There are different types of lawyers who can help you create a last will and testament. From estate planning lawyers to family law attorneys, you can call on a variety of resources that are readily available to you.
Children
Are you a single parent? If you are and you do not have a last will, your children could end up in some serious legal trouble. Namely, in that they will not have a guardian who is approved by you. Instead, they will be appointed to a guardian selected by the court. Whether this is their closest living relative or a guardian appointed by foster care will not be for you to decide. If you want to prevent this issue from happening in the first place, it is important that you take the initiative to create a last will and testament.
No matter your current situation, having a will is an important legal step to take. Not only does it ensure the future of your assets, it ensures the future of your family is the one that you want for them. Do not underestimate the importance of a will.