10 Reasons You (Think You) Don't Need a Will
10 Reasons You (Think You) Don't Need a Will
Allison Kade Feb 28, 2019
Money can be fun: buying stuff, being generous with our friends, planning for our glorious future.
And, sure, it can sometimes be a little less fun: paying down debt, balancing our budget, planning for the unexpected.
So, understandably, a lot of people focus on the fun stuff and put off the rest. We’ve spoken to too many people who haven’t created a last will and testament. Here are the top reasons people convince themselves they don’t need a will . . . and what you should really know.
1. What If I’m Immortal?
A last will and testament describes your wishes if you were to pass away. It can cover your property, and even name whom you’d like to take care of your kids if you were no longer around. Even if you're young now, you could still benefit; millennials need wills, too.
But hey, if you’re immortal, then you’re right. You probably don’t need a will, if you’ll live forever. And because you’ll outlive your kids (unless they’re immortal, too!), you don’t need to worry about who to appoint as their legal guardian.
2. What if I Don’t Have a Lot of Time?
The median time for Fabric customers to fill out a will is seven minutes, and 75 percent finished within 10 minutes. After that, Fabric sends instructions on how to make the will legally binding. That, too, is something you can do in minutes. For the most part, this involves printing out your document, signing it and getting two people to witness it. The whole thing can be as simple as printing it at work and getting two coworkers to watch you sign.
3. Don’t I Need a Lawyer?
Lawyers are great. In fact, we recommend speaking to one if you have any specific questions about your personal situation. Sure enough, there are many cases when it makes sense to consult an attorney—especially if you’re planning to pass down a lot of assets, or if you have a complicated estate!
To continue reading, please go to the original article here:
https://meetfabric.com/blog/10-reasons-you-do-not-need-a-will