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What It Was Like to Finally Write My Will

April 15, 2018

From The New York Times website

Still, preparing for an eventual demise — at least by drawing up a will — is a good idea. A will smooths the way for your heirs to inherit whatever you’re going to give them, saving time and money. Wills can also help you avoid tax pitfalls and feuding heirs. (Remember: The conflict at the heart of Dickens’s “Bleak House” is a generations-long lawsuit over an inheritance. No spoilers, but the case did not end well for anyone involved, over several generations, except the lawyers.)

Wills provide control over more than money. For people whose children are still minors, the will names guardians. If you haven’t written these decisions down, the government will make money and custodial decisions itself. You’ll be beyond caring by then, but why not do what you can ahead of time to see that the assets get distributed as you’d like?

So! Let’s talk about writing a will.

From → Finance

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