Many people believe that having a will is only necessary for the ultra-wealthy; however, nothing could be further from the truth. The reality is that almost everyone could benefit from having (and keeping updated) this vital legal document. From ensuring your grandmothers’ treasured vintage wedding rings or your uncles’ rare arrowhead or antique coin collection get passed down to the desired recipients, a valid legal will is all the assurance you need. So, if you’re one of the many folks who believe that only people with an extensive array of lucrative assets benefit from having a will, read on to learn why that’s not the case. A legal will is essential even if you’re not wealthy for the following reasons:
You Decide Who Gets Custody of Your Minor Children
Who will raise your children If the unthinkable happens and you are no longer around? Drawing up a legal will allows you to state your wishes and determine who gets custody of your little ones (including pets) if you are no longer able. If your choice of caregivers is not legally binding (and without a will, it’s not), they could end up in foster care, a ward of the state, and no one ever wants that. If you’re researching reputable probate lawyer services Ponte Vedra Beach FL ask about their experience dealing with these issues.
Allows You to Choose Who Takes Possession of Your Chosen Assets
You’ve probably figured out to whom you wish to pass along your treasured items, but there could be issues without a will. Undoubtedly, the last thing you want is infighting among your family members over any of your possessions. A legal will ensures that your assets go directly to whomever you choose, and having a will alleviates anxiety over any such potential matters.
As you can see, you don’t have to be wealthy to benefit significantly from having a legal will.