Curtis Collins is a legal services consultant since 1999 and the website author of http://www.legal-services-for-less.com
This is an area that no one wants to talk about but the fact is this: We are all going to pass away at some point. Hopefully later rather than sooner; however, as a responsible adult it behooves you to have all of your affairs in order so that the State you live in does not make incorrect decisions on your behalf. Probate Court could leave your land or other valuable belongings to someone that you did not intend them to go to. I often ask those that I know when was the last time they updated their will and most tell me that they do not even have a Will.
As a parent you have to ensure that your children go to the guardian that you and your spouse selected in conversation prior to your death should you both pass away concurrently. Don't be naive to think that it does not happen, because it does. If you are a single parent then this becomes even more important. If you do not have it in writing then your family or significant other will not know your wishes since you can no longer speak. A Last Will and Testament gives you the opportunity to have your final words to your family and loved ones and directs what property you would like to pass on and to whom.
Before you get your Will completed you need to know the name and contact information of the person you've chosen to be the guardian of your children, the trustee(s) of their estate, and your personal representative/executor. You will also need the approximate dollar amount of any assets that you have to include your home (to include all real estate), vehicles, retirement plans, life insurance policies, and bank accounts. You will need a listing of all your debts as well.
In regards to your funeral arrangements, it is best not to include your wishes in your Will because in most cases your Will is not read until after the funeral. Do this separately on another document and communicate to those close to you about what your wishes are.
Now that you know the importance of having this legal document in place, go and get it taken care of immediately. It will take some thought, a little bit of time to put your thoughts together, and some uncomfortable discussions with those you love but in the end it will be worth it. Your family deserves it, right?
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