A will, which is the legal document that makes sure that your assets are distributed as per your wishes once you pass away, is an important document to have. While this is the case, an estimated 50-60% of Americans haven't written a will yet. If you're one of them, read on to see why you need to write a will right now regardless of your current health and age.
Age-Related Issues in the Future
Everyone hopes to remain in good health for the rest of their lives, but sometimes this is not the case. There are many issues related to old age, including conditions and illnesses that may leave you unable to operate at your best capacity. An example of a condition that you may get in your old age is cataracts, which affect over 24.4 million Americans aged 40 years and older. By the time they get to the age of 75 years, an estimated half of all Americans have developed cataracts. Such an issue may develop as you age. So, rather than wait for such a time, you're better off writing a will now while you have the time and ability to do so easily.
Write a Will to Help Alleviate Family Conflict
When you write a will, you name the person you want to put in charge of your estate. While the courts can appoint a legal estate manager for you, this may be a person you would rather not have to access your estate. You best know the people in your life, so it's a good idea to decide who you feel will be the most responsible and level-headed person to handle your estate. You will also get to subdivide your assets among your loved ones, and when they know your wishes, they're likely to follow along with them peacefully. In this way, there will be minimal chance of a conflict arising among them.
You Can Nominate a Guardian for Your Children
As a parent, you likely have preferences about how you would like your children to be raised. This means that there are certain things you want them to be taught and others you would rather avoid. In this case, there's most likely someone you would trust to implement your preferences. For example, since researchers have found that soybean lecithin can play a role in raising good cholesterol or HDL and lowering bad cholesterol or LDL in blood profiles, you may have a diet that you prefer your children to follow for their best health in the future. If you pass on without a will, especially if you were a single parent, your children's welfare will be at the mercy of the courts. They will find the best guardian for them on a logical basis, even though this may be someone you wouldn't have picked.
It's Easy and Affordable to Write a Will
Currently, there are a number of options available to you if you want to write a will. This makes it accessible and affordable, so there's really no reason why you shouldn't write one. The benefits far outweigh the time and small inconvenience of getting a will written. Express your wishes so that you can live life knowing that your estate and loved ones are covered should you pass.
The factors above show why you need to write a will as soon as you can and put your wishes on paper. Once you've done so, you will find it a lot easier to make plans for the future and know that you've done your part in securing the future of those you love.