10 Reasons Why You Need A Will
- If you dont decide how you want your estate to be distributed upon your death, the State of Georgia will decide for you.
- Having a Will is less expensive as you can avoid bonding fees, taxes, and do away with tasks (such as the filing of inventory) that the state will require.
- Having a Will allows you to choose who will distribute your estate
- Having a Will allows you to decide who will be the guardian of your minor children.
- A Will ensures that you have some say as to how and when your estate will be distributed to your children.
- If you have no Will and your spouse dies after you, there is the possibility that his or her family may be entitled to everything while your family will be entitled to absolutely nothing.
- If you have no Will, your grandchildren or stepchildren will likely receive nothing under what is known as intestate law.
- Heirs could lose government benefits if they receive an inheritance from you.
- If you have no Will, it is possible that more money than you intended, will go to your children instead of your spouse.
- Dying without a Will results in a much longer settlement process and may even cause litigation among family members.
DISCLAIMER: The information herein is for educational purposes only and does not constitute legal advice.
For any legal matters, we urge you to take the advice of an attorney familiar with your case.