As the old saying goes, you never know when your time is up. It holds true now more than ever, with unexpected deaths happening all over the world. While the thought of dying might be scary, you have to prepare for your death. Aside from buying a memorial plan, one thing you should do is to make a last will and testament.
You should understand that there’s nothing wrong with making a will for your loved ones to consult should tragedy strike when you least expect it. One of the most common reasons why families break apart or squabble after a loved one dies is that their dearly departed relative didn’t draw up a will. In other words, if you don’t have a will, your family may get drawn into a long, drawn-out legal process. They will inevitably come into conflict with each other when distributing the estate of the departed.
Although drawing up a will might seem like a no-brainer now, the truth is that people get stuck on the idea of making one and end up not doing so at all. They will put off the process of getting their affairs in order until things take an unexpected turn. Typically, most people tend to delay the process of writing up their will for plenty of reasons, such as the preconceived notion that it’s complicated, it takes up too much time, or it will cost too much. All of those are phoney reasons that justify procrastination.
Why should you plan out your will or estate plan ahead of time
Typically, the majority of adults around the world (50 to 60 percent, to be exact) don’t have a will or an estate plan at all, which leaves their families unprepared for the worst. Drafting up a will or estate plan will only require a small portion of your time and barely any money, so it’s best to get ahead and be a part of the minority that actually has everything planned out.
Drawing up your last will and testament or estate plan is an important task that you’ll have to do no matter how old you are. Here are a few reasons why you shouldn’t delay this crucial process any longer:
The planning process is actually really easy
While some people may tell you otherwise, creating a will on your own terms can actually be a fairly simple task. It will only take a short amount of time to plan and an even shorter amount of time to write. Once you start the process of drafting it, you’ll realize that it’s easier and quicker than you thought, and you may even end up finishing the document long before you expect to. Making a will is just like learning how to float in water: it might seem difficult or even scary at first, but it’s easy and simple once you actually get around to doing it.
Everything will go how you want it to
One of the worst things that could happen when you pass on is that somebody will go around dictating what “you” want your loved ones to get, and what “you” supposedly wanted for your arrangements as soon as you passed on. That’s just plain disrespectful. You can avoid this by drawing up your own will. You can create a simple guide for your loved ones to follow when it comes to ensuring that your funeral arrangements and other things will be done according to your standards.
Aside from arranging everything according to how you want it, another advantage that comes with drawing up a will is that you can choose who your executor is. That means you can get that dirty laptop-stealing cousin of yours out of the equation. By drafting up your will, you can ensure that you’ll have the right person taking care of your loved ones when you’re gone.
You’ll give everybody peace of mind
Although no one expects the worst to happen, chances are that their family members and close friends will end up fighting each other over the things you’ll leave behind. One of the sad truths about dying is that some relatives might take advantage of the opportunity to take your assets. They may even take control of your children when you never wanted them to. To help clear up confusion, drawing up your will ahead of time will definitely do your family members and loved ones a huge favor and keep everybody together.