Benefits of Having a Will

There are many reasons why you should draft a will, including:

• You can ensure that your assets go to the beneficiaries you desire rather than depending on a court to decide for you.
• The existence of a will speeds up the process considerably, allowing your beneficiaries to get the assets sooner.
• The existence of a will reduces the chance of family disputes over property.
• In addition to specifying who you want your assets to go to, you can also let your beneficiaries know how you would like for them to use those assets.
• You can also use a will to designate who will be the guardian of your minor children rather than depending on a court to decide for you.
• You can include provisions for heirs with special needs.

For more information, including tips for drafting a will, see Glenn Curtis, Why You Should Draft a Will, Forbes, July 27, 2010.

Special thanks to Jim Hillhouse (WealthCounsel) for bringing this to my attention.