When it comes to your money, there are a million different things you have to think about in your lifetime. Saving and budgeting are always important, but what about after that? Are your finances in shape for after you’re gone? Having a will might be one of the most important decisions you can make in your financial life. Here are three reasons you should be sure to have a will in place…
It decides where your money goes: If you want to prevent your family from having to decide who gets what, having everything squared away in your will is a huge advantage for you. Once you’ve put it in writing, you won’t have to worry about your family arguing over things after you’re gone.
It allows a singular focus: When it’s time to grieve, the last thing you want to have to worry about is sorting out finances. Having a will in place will allow your family to be together during this difficult time and not have to deal with any additional stress.
It lets you decide the most important things: If your kids are under 18, you probably want to be the one who decides who will take care of them should you and your spouse unexpectedly pass. Without a will, you’d be leaving that decision up to the legal system.