10 Things to Know About Making a Will

Whether there’s a pandemic or not, it’s highly recommended to put a plan in place for your home, bank accounts, and belongings if the worst was to happen.

Dying intestate (i.e., without a will) means the state courts will decide who gets your belongings and who will become guardians of your children.

1. What Happens If You Pass Away Without A Will?

2. Some Assets Are Distributed Regardless Of What Your Will Says

This isn’t quite as scary as it sounds, but you do need to be aware that some assets are passed on outside of the will, regardless of what you put in writing.

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3. You Can Set Up A Will For Free, But Beware Of The Limitations

If you search online, there are many free or low-cost templates you can download to make a will. But be aware that these forms will not necessarily comply with all the specifics of your state laws.

4. There Are Other Documents You Should Consider Besides Just A Will To Protect You And Your Family

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Having easy-to-access information can ease the burden of an already stressful time on your family if they know how to access bank accounts, insurance contacts, and other things that are normally taken for granted.

5. Name Guardians For Your Children

If you are a parent, you will want to make sure you use your will to name guardians for your children.

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