If You Don’t Have a Will Yet, Why Not?

Although 64% of Americans think having a will is important, only 32% have one.  This week, Craig Siminski, of CMS Retirement Income Planning, shares with us an article looking at reasons people don’t have a will and why they need one regardless of the reason.

A will is a fundamental estate planning document. It outlines how you wish your property to be distributed, who should handle matters related to settling your estate, and who you want to care for your children after you pass, among other things.

There are many reasons people put off drafting a will — here are four that you might relate to:

1. Just Haven’t Gotten Around to It

It’s easy to procrastinate when it comes to drafting a will. Even if it’s something you think you should do, it’s probably not high on the list of things you want to do. Perhaps you’re uncomfortable thinking about your own mortality, or maybe you’re worried about how complicated or costly the process will be.

Focusing on some of the benefits of having a will might give you the motivation you need to get started. A will is a way to make sure your loved ones are cared for and that your last wishes are honored. A legally binding will gives you more control over what happens to your property and helps ensure that your treasured possessions end up in the right hands. You can name an executor or personal representative who you believe will responsibly handle the details of settling your estate. And having a will is especially important if you…

To Read the Entire Article, Please Click Here.

Craig Siminski is a CERTIFIED FINANCIAL PLANNER™ professional, with more than 25 years of experience. His goal is to provide families, business owners, and their employees with assistance in building their financial freedom.

Please let Craig know that the Green Bay News Network Sent You!