Why do I need a Will?

Posted on May 19, 2014 in California Wills, Estate Planning | Comments Off on Why do I need a Will?

Why do I need a Will?

You need a will because you are an individual with possessions, and possibly heirs, that are important to you. You need a will because you want to protect them and their best interests.

According to CNN money

A will is a device that lets you tell the world whom you want to get your assets. Die without one, and the state decides who gets what, without regard to your wishes or your heirs' needs.

Some important things a Will can do when you're no longer around

  • Decide who gets what- think money, heirlooms, properties, etc.
  • Assign an "executor", a representative who will appear before the court, collect your assets and distribute them as you outlined in your Will
  • Protect minor children by assigning a "guardian," someone who will raise and care for your children under the age of 18.
  • Further protect your children and their inheritance by assigning a "custodian", someone to manage assets for your children until they can manage finances, property, etc. by themselves. You decide when they get to manage the assets on their own, at any age between 18 and 25.

 

If you do not have a California Will or need your updated, please set up an appointment with our office today. Call us at 858-549-8600 or request an appointment online. Gary and his staff have been helping concerned Californians since 1989 and can make sure your assets and loved ones are taken care of legally.

For more information on why you need a Will and what a Will can do for you please read our California Wills  and Estate Planning pages.

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