If you’re like me, you’re wondering why we need to say August is National Make a Will Month. Why do we need to be reminded of the importance of having a will? Also, wills aren’t just for “rich” people. As responsible grownups shouldn’t we have already done this? We understand that talking about death – namely YOURS – can feel uncomfortable. But it’s worth a bit of discomfort today to save your loved ones the double heartache after your passing.
Making a Will
Did you know only an estimated 46 percent American adults have a will? That means more than half the adults in this country are letting the government decide how to divide up their assets after their death. A court will not know (or care) about your wishes. If you didn’t write them down in a will, they don’t matter. And if they should leave behind minor dependents, they are also leaving their future care decisions up to strangers. I can think of nothing more heartbreaking than a child losing their parent then being shipped someplace they’re not comfortable. Making a will also means your heirs pay estate taxes quicker and may receive the inheritances faster. So, yes, regardless of whether you consider yourself wealthy or not, you do need a will.
Updating a Will
Even if you already have a will, this National Make a Will Month can remind you to review it. It triggers a reminder to be responsible. Kind of like the time change triggers folks to check their smoke detectors batteries (another responsible adult thing to have). Situations change, sometimes frequently. Periodically reexamining the language in your will can remind you to update beneficiaries or remove assets you no longer have. If your kids have grown, maybe they should take more responsibility over your assets than another less-reliable family member. You really don’t have to review your will annually – unless you live a particularly chaotic life. But recognizing National Make a Will Month can be the prompt you need when necessary.
Ready to Make a Will?
Hopefully this prompted you to think more about what happens to your possessions and your loved ones after your death. If the thought of dying and leaving your loved ones stranded stresses you out, relax! Yes, August is National Make a Will Month. However, we can help you make or update a will any time of the year, not just during the month of August. Call our office at 724-216-5180 or complete the online form to schedule a free consultation.