10 Things You Should Know About Writing a Will – Assets, Inheritance

10 Things You Should Know About Writing a Will - Assets, Inheritance



Category: Estates | Inheritances

Who inherits the good silver is just the beginning

Writing a will isn’t the most pleasant of tasks. After all, by doing so you’re not only acknowledging your own inevitable demise but actively planning for it. That might explain why so many adults avoid this cornerstone of estate planning.

According to an AARP survey, 2 out of 5 Americans over the age of 45 don’t have a will.

But creating a will is one of the most critical things you can do for your loved ones. Putting your wishes on paper helps your heirs avoid unnecessary hassles, and you gain the peace of mind knowing that a life’s worth of possessions will end up in the right hands.

“A will is an important way you can stay in control over who gets what of your property,” says Sally Hurme, an attorney with AARP, “and by planning in advance you can also save your family time and money.”

The laws governing wills vary from state to state. If you aren’t familiar with them, consider consulting a knowledgeable lawyer or estate planner in your area. Before you do, brush up on these 10 things you should know about writing a will.

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See the original article here: https://www.aarp.org/money/estate-planning/info-09-2010/ten_things_you_should_know_about_writing_a_will.html


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