Creating a will serves many important purposes, with the primary one being to ensure that your assets are passed on to the family members and friends you choose.  However, this is just the beginning.  A will provides you with the opportunity to appoint an executor—someone you trust to take charge of your estate, manage your assets, and ensure that any outstanding debts are settled.  Without an appointed executor, your loved ones may be forced to go to court in order to have someone named as the administrator of your estate. This process can be time-consuming, costly, and cause unnecessary delays in settling your affairs.

In addition to managing your assets, a will also allows you to make provisions for your minor children.  By designating guardians in your will, you ensure that your children will be cared for by the individuals you trust most.  If you don’t name a guardian, however, there is a chance that the Public Guardian may be appointed—whether or not that aligns with your wishes.  This is a crucial decision to make, as it can significantly impact your children’s future well-being.

A will also lets you specify your final wishes regarding burial or cremation, sparing your loved ones the added stress of making those decisions during a difficult time. Without clear instructions, your family may be left to guess what you would have wanted, potentially causing confusion and conflict.

In summary, regardless of your financial standing, having a will in place is an essential aspect of good planning.  While there are costs involved in drafting and executing a valid will, the investment is relatively small when compared to the potential financial and emotional strain your family may experience if you pass away without one.  A well-crafted will provides clarity, reduces the burden on your loved ones, and ensures your wishes are respected.

This information is general in nature only.  You should consult a lawyer before acting on any of this information.  This information should not be considered as legal advice.  To learn more about your legal needs, please contact our office at (250)-448-2637 or by email to info@touchstone.law