Writing a will can seem like a daunting process, but it is absolutely crucial to have one on hand. Whether or not you face life-threatening health issues, having your last will and testament written out will provide you and your loved ones with peace of mind regarding your assets while also heading off any family conflicts that may arise after you pass on. It will also prevent excess costs and complications due to the types of assets you own or intervention from the state.
Reasons to Prepare a Will ASAP
Most people don’t consider writing a will until some life-changing event occurs, such as a marriage, divorce, loss of a loved one, or a brush with death. If you are wondering when the best time to write a will might be, the answer is that you should do so as soon as humanly possible. Here are a few reasons why:
- Peace of mind: The foremost reason for writing a will as soon as you can is to give yourself and those you love peace of mind. It allows you to be sure that your last wishes will be met and that you are prepared to go at any time. It also shifts your focus from self-centered preoccupations toward the desires of your family and friends.
- Make sure the right person is in charge: If you allow the state to distribute your assets, they will automatically give everything to the next of kin. In order to protect your wishes for those closest to you, designate who the executor should be in your will. This should be someone you trust to be impartial and complete, such as a good friend or an attorney. The executor should not be a beneficiary, since that can create a conflict of interest.
- Keep the family informed: No matter how much division your will might cause among family members, it is usually better to make sure they are informed about your last wishes as soon as possible. Even if it looks like you still have many years ahead of you, letting your loved ones know early on what to expect will at least give them time to get used to the idea, if nothing else.
- More than just your assets: While your will does designate who gets what, it can also outline what kind of services and memorial you get once you pass on. By making sure this is down in writing in a legal document, you prevent confusion or disagreements among family members from interfering with how you want to be remembered.
- It’s cheap and easy: Some might look at writing a will as a complex and expensive process, but that is not necessarily true. In most cases, you can get an attorney’s help with a will for less than $100, and sometimes as low as $50. There are various online services and resources available to help with creating this vital legal document, some of which will help you produce your first document for free.
Having the proper legal documents in place, including a will, is crucial to being prepared for the remaining years of life. At Senior Care Centers, we know how important the last wishes of our residents can be to both them and their families. We encourage our residents to be prepared for any eventuality.