Four Myths To Dispel Procrastination During NMAWM

There are three compelling reasons why creating  a will is essential this National Make A Will Month. A will gives you control over your legacy. A will protects your loved ones and reduces family conflict. Without a will, state laws determine how your estate is divided, how your assets are distributed and who will care for your children (if minor or furry). Probate court is often a slow, costly and stressful process.

Contrary to popular belief, wills aren’t just for the rich and famous: every adult should have one. A will gives you the option to name the person you trust most (your executor) to carry out your wishes efficiently and in accordance to the law. Here are 4 common myths to dispel to help you stop procrastinating:

Myth #1 I don’t have much, so I don’t need a will.

Reality -- You may not think you own very much, but chances are you have more than you realize: your home, vehicles, furniture, clothing, books, jewelry, and sentimental items, to name a few. Making a will ensures your assets go to the people you most want to have them.

Myth #2 My family knows my wishes, so I don’t need a will.

Reality -- Your family may know a few of your wishes but chances are they know less than you may think they do, especially when it comes to unexpected variables. Even if they might know some of the answers, they won’t get to speak on your behalf. Ultimately, without a will, a court will make these decisions based on the state’s intestacy laws.

Myth #3: My family will look after my young children (and furry children) if something happens to me.

Reality -- While a family member can step up and offer to take custody of your children, if you don’t have a will, your family won’t get to make this decision. The court will ultimately decide who is most fit. Who volunteers and who is chosen may be different from the person you would choose yourself. And while you cannot leave money or property to your pets, you can give the funds for their care to a person in your will, ensuring they do not go to a shelter if you’re not there to care for them.

Myth #4: I already have a will, so I don’t have to think about it anymore.

Reality -- Having a will is a great first step! But have you had any major life events occur since making it, like marriage, moving states, career shifts, loss of a loved one or the births of children or grandchildren? Lives and relationships change with time and it’s important that your will reflects these changes, too. In as little as 15 minutes, you can review your will and make sure it is up to date with your current, updated preferences.

None of us live forever. Creating a will makes life and death easier for everyone. Plan now without pressure. Make your will today.

---

Have questions about how to make a will and start your own estate plan? We can help or direct you to legal professionals who can. Call 626-282-5147 x118 or email roseg@cosepiscopal.org