No matter how old or young, rich or poor, making a will should be one of your top new year’s resolutions. Below are three reasons why.
1. You decide who gets your assets.
A will ensures that your personal belongings and assets go to family or beneficiaries you choose. If you die without a will, your intended wishes may not be carried out because state law will decide who receives your assets.
2. You decide who will take care of your minor children.
Making a will is essential for individuals with young children. A will empowers you to choose a guardian to look after your minor children in the event that the unthinkable occurs. If a guardian is not appointed, the court will choose among family members or a state appointed guardian. There is no guarantee that the court will appoint a guardian that shares your morals and values. It is important to plan ahead and designate a guardian for your minor children in your will.
3. Because tomorrow is not promised.
If you die without a will you will be subjecting your family and loved ones to unnecessary confusion and anxiety at an already difficult time. A carefully written will ensures that, should the worst happen, your family will be protected and cared for.
If who gets your assets and who serves as the guardian of your minor children is important to you, then making a will should be one of your top new year’s resolutions.
By having an estate plan, you not only help avoid potential issues and expenses in the future, but will also gain the satisfaction of knowing you have provided a secure future for your loved ones.
A little about me: I am an estate planning attorney. I am an Orlando native and an esteemed graduate of local educational institutions including Lake Brantley High School, Seminole State College, the University of Central Florida, and Florida A&M University College of Law. I am a member of The Florida Bar, the Central Florida Association for Women Lawyers, and the Orange County Bar Association. I am also an active volunteer in the Orlando community and serve on the board of directors for BASE Camp Children’s Cancer Foundation, an organization that provides support to children and families batting cancer and other hematological illnesses.