Here are some of the reasons why you should write your will today.
While some people might think it morbid, it’s important that you create a living will and testament while you are in good health. Though no one likes to think about the possibility of dying, the threat is ever constant. If you were to die tomorrow, what would happen to your children, family, assets, and other belongings? The only way to address these worries is by writing your will. Still not convinced? Then here are some of the reasons why creating a will is in your best interest.
1) Care for Your Kids
You love your children more than anyone in the world. That’s why it’s important to choose the right guardian to care for them in the event that you pass. If you do not have a will at the time of your death, the state will appoint a guardian for your children based on the general laws of your state. If you don’t want to leave the fate of your kids to your state, then you should write a will appointing a guardian of your choice.
2) Protect Your Business
If you run your own business, it’s important that you write a will and name the person you want to take it over. Without this planning, the state will choose for you. The best way to protect your business and the employees that work for you is by naming your heir in your will.
3) Divide Your Assets
Finally, one of the main reasons why you should write your will is so you can dictate how your assets will be divided. Without this foresight, your state will divide things as they see fit. Normally, this means dividing your assets among your relatives. However, if you would like close friends or others to be beneficiaries, then it’s necessary to specify your wishes.
These are some of the reasons why it’s important to write your will. Want another way to care for your loved ones after your death? Make sure you have the right life insurance protections in place. To find the right policy to fit your needs, contact the experts at ISU-Wissink Insurance in Culver City, California. Our dedicated team is ready to assist you with all your personal and commercial insurance needs.