About 70% of Americans do not have a will. 74% of parents with minor children do not have wills. This ought not be. Legacy builders have wills! So today's show is a brief look at 13 reasons to acquire and keep up to date your will. Here are the thirteen reasons to have a will:
- 1. Property transfer with your direction,
- 2. Guardian appointment of children by you not the state,
- 3. Allows differing distributions,
- 4. Allows for a naming of executor,
- 5. Can minimize cost and delay of probate
- 6. Can minimize the estate taxes
- 7. Delay distributions if needed
- 8. Bequests can be honored,
- 9. Business transfer is simpler,
- 10. Reduces the risk of sibling rivalry,
- 11. Avoids unnecessary burden on survivors,
- 12. Allows you to establish domicile,
- 13. Allows someone else to administer your affairs if you should become unable.
