At some point in your life, you will have to face the fact that it's important to write a will in order to protect your assets and ensure that your will is distributed to the proper beneficiaries. Oftentimes, people think a will is not necessary, whether they think it's too complicated or too much work. In reality, everyone should have a will and while it might seem a bit morbid, will be incredibly helpful to your loved ones in the event of your passing – think of it as a blue print of your wealth for the benefit of your future generations.
Below are the top 5 myths regarding writing a will:
- "It's too complicated."
Contrary to popular belief, once you enlist the help of an experienced Los Angeles estate litigation attorney, the process of writing a will is not terribly complicated. It does take some effort to understand how a will works but your lawyer will be able to guide you through the steps while explaining the process.
- "Only wealthy people need to write a will."
This is the biggest misconception out there regarding wills. If you own any property, valuable assets, or have anything you'd like to distribute among your beneficiaries, it's vital to create a will to save your loved ones time and frustration in the event of your death.
- "My family gets along well and will not fight over the property."
It's important to allocate your assets through a will rather than relying on the goodwill of your loved ones. It's not uncommon for disputes to occur even with the closest of family members when it comes to wealth after a loved one passes.
- "I don't know a good will writer."
This is not as hard as many believe it to be. By enlisting the help of a great Los Angeles estate litigation attorney, you can rest easy knowing you are receiving the professional help you need to have a properly written will.
- "It's too much work."
The process can be broken down to a few easy steps. As mentioned above, the process of writing a will is not extremely complicated and provides minimal effort on your part. The result of knowing your assets will be distributed according to your wishes upon your passing is well worth the small amount of effort.
There is no set age to when writing a will is imperative – generally, it's important to have a will once you acquire any sort of property or valuable assets. You can rest easy knowing your family and loved ones will benefit and be well-taken care of.