Let’s Talk Wills, Trusts & Estates

Let’s Talk Wills, Trusts & Estates

When the conversation turns to the preparation of a will or trust, oftentimes people become uneasy and want to change the subject. Others dismiss the matter as irrelevant to them because of their age, the size of their estate, being single or childless. Let me suggest an alternative reaction to engaging in this important discussion.

Whether you are wise or still wet behind the ears, you’ve probably worked hard for your possessions so you should feel empowered or at least a sense of responsibility in deciding who inherits your stuff. Why leave this important decision up to the state, which wouldn’t care if Aunt Polly inherits your tea set? The preparation of a will is your opportunity to tell the world how your assets are passed along. You also have the option to donate to your favorite charity or ensure that family heirloom is inherited by your great niece.  

Rather than focusing on the inevitability of your own mortality, consider how much influence you can have on your family and the world around you by having a will drafted. In addition, to telling the world who gets what and how your love ones will be cared for, a will helps eliminate some questions and uncertainties about what to do during a difficult time.   

Regardless of the size of your estate, whether you are single or childless, your possessions are no less significant than the married person with 2.5 children, a white picket fence and over a million bucks in the bank. Virtually every adult possesses some form of property and has the right to speak now or forever hold their peace.

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