Why Having A Will Can Be Important

Why Having A Will Can Be Important

Why Having A Will Can Be Important

We probably have all thought about the need for a Will, but all too often put if off saying that we will get to it later. The problem is that sometimes things happen unexpectedly and then it’s too late.  I am just as guilty as the next person, so I thought I would write a blog to talk about the reasons why having a Will can be so important. There are many reasons why you should make sure you have a Will.  It seems like we have all heard, at one time or another, the dreaded story of someone passing away and the family ending up in a war over the estate.  Things can get pretty ugly.  A Will allows you to decide how your estate will be distributed, which can help to avoid, or at least minimize, the chances of such a war.  In West Virginia, if you die without a Will, your estate goes according to the Intestate Succession laws, so if you want to be certain that specific people inherit specific property it is in your best interest to make sure you have a Will. If you have a minor child, a Will allows you to appoint a person you wish to raise your child or, maybe even more important, allows you to make sure that someone you don’t want raising your child does not get appointed.  Again, if you don’t have a Will, the Court can choose the appropriate guardian for a minor child if it becomes necessary. Thus having a Will can be very important to a parent if something should happen unexpectedly.  Having a Will can also help your family by making the process go more smoothly and quickly.  This can be helpful during an already emotional and stressful time. Many people worry about making a Will and then being stuck with it forever.  It is important to know that your Will can be changed at any time, as long as you are still living and competent.  Many of us go through life changes, such as divorce, deaths of loved ones, etc., making the need arise to change our Will.  Finally, depending on the value of your estate, a Will can help to minimize your estate taxes.  There are many other reasons for having a Will and these are just a few. Keep in mind that you can write your own Will in West Virginia if it meets certain requirements.  However, this is one of the most important decisions you will ever make, so having the assistance of an attorney to ensure that your Will does what you want it to is extremely valuable.  If you have a need for a Will or you need to change your existing Will, you should contact an estate planning attorney to discuss your particular situation.