Estate Planning Guide: Why its Important to Write a Will?

Estate Planning Guide: Why its Important to Write a Will?

Creating a will isn’t just about passing on your possessions, though that’s certainly part of it. It’s also about making sure that your loved ones have as less to fight over or stress about upon your death. Preparing a will might seem daunting, but it can be easier than you think.By making your wishes known, you can sleep easy at night knowing that your assets will be distributed as you wish after you are gone. If you’re not sure about creating a will as a part of  estate planning San Diego is the right choice for you, here are four reasons you should take the time to do it now.

To Prevent Family Feuds:

Your will is your chance to make sure your assets pass to the people, charities, or organizations that you decide. Family feuds are never pleasant, and it’s hard for surviving family members when there’s no clear directions in place. By writing down your wishes before you pass, you greatly increase the likelihood that any disagreements will be avoided between those inheriting or those not inheritingyour valuable possessions.

To Avoid Frustration for Loved Ones:

When preparing a will, it can sometimes be challenging for you to deal with your loved ones. Often, these personal and private discussions with family can lead to awkward situations and hurt feelings. By Creating out your will ahead of time, you have more control over how your assets are distributed. This gives you some much-needed peace of mind knowing that things will be taken care of in a way that’s fair. Consult with an estate planning attorney in San Diego if you need any assistance.

To Keep Your Assets Away From Unwanted Beneficiaries aka to Disinherit

Another important reason to create a will is to ensure that your assets will not go to someone that you do not like. If you don’t have a will, or if your will isn’t valid, your assets will pass based on intestate succession. This means that your assets will pass to your next of kin as defined in the California Probate Code. This may or may not be in line with what you would have chosen. A qualified estate planning attorney in San Diego can guide you through creating a will, so that no matter what happens, your assets will end up in the right hands.

No Matter Your Wealth, it’s Worth Planning Ahead:

A will is a simple document that allows you to dictate how your assets should be distributed at your death. It’s also a cost-effective means of reducing the likelihood of family turmoil.  If you want certainty, write a will today. If you want peace of mind, make sure you have one in place now. Having a valid will should not be considered as an option, but an essential part of your families planning toolkit.

Creating a will can be an emotional thing to do, but it should be done for the benefit of your assets and family. Ithelps you to determine exactly how your assets are disbursed to the people you care about most, rather than letting the court or the governmentdecide. While a having a valid will does not avoid probate, it is an excellent first step towards peace of mind.  Talk to an estate planning law firm in San Diego to know more.