Sadly, we all have an expiration date. Since none of us knows when that is, it’s important to be prepared for anything. Ben Franklin got it right when he said “Failing to plan is planning to fail.” And he was a very successful man.
One common impact of failing to plan is when a surviving spouse is hurt financially. For example, did you know that if you die without a Will in Georgia your spouse would be required to give a significant portion of your estate property to your children? And this is true even if your children are minors; and it gets more complicated from there since, guess what, minors can’t hold property!
Another extremely important reason to have a Will is to help you avoid conflict in your family. Lots of people say that “our family gets along fine. They’ll work it out.” In my experience, that’s often not the case. They fight over who’s in charge. And without clear direction in a Will, I often hear comments like “Dad said I was supposed to do that or get that. You should do what Dad wanted! This muddies the water of smooth estate administration. Often estates without Wills get into litigation, and litigation is expensive. But most importantly family relationships can be destroyed – forever – over the lack of a basic document!
The laws, your finances, and family situation are consistently changing. So does your existing Will still fit your life? Did your last We’ll ensure that your digital assets are taken care of? Were your documents drafted in the state where you currently live? Did you contemplate having kids? If not, you may have a problem
This website provides a lot of information through videos and articles on these and other issues. But most important, if you want to talk to us about a question that you may have regarding your estate plan, we offer a free 15 minute consultation to address that particular issue. And this is the case with the other sponsors as well. So you’re not alone in getting an answer. Just give us a call!