Why you need a will.
Compiled by Miranda Buhlig
A will is perhaps the single most important document you can have. Despite this more than half of all Americans die without one.
What is a will?
A will is a legal document that states how a person’s property is to be distributed after their death. Many people think that only the rich need a will, or they never have one drawn up because they think it will be too complicated or expensive. A will can actually be very affordable (as little as $100 in some cases) and simple wills can be done quite quickly.
Who needs a will?
Everyone. You need a will regardless of how much or how little money you have. You need a will if you have children or not. You need a will whether you are married, single widowed or divorced. You need a will if you have a house, car, bank account or property of any kind. You even need a will if you have more sophisticated estate planning tools such a living trust.
What happens if you die without a will?
When you die without a legal will (intestate), the government decides how your estate will be divided up. Unfortunately, what happens under state law doesn’t always match up with your wishes. If you die without a will then you have to go through an administrative procedure in the probate court. It is much more expensive, time consuming and much more difficult for your heirs. Few people plan to die in the near future, but if you die suddenly without a will, you'll be subjecting your family and loved ones to confusion and anxiety at what is already a difficult time.
Call The Rynard Law Firm at 417-739-9494 today to set up an appointment for your free consultation.