Why Create a Will If You Don’t Have Kids?
A will is an estate planning document that takes effect after you have passed away. It can dictate who gets your assets as well as allow for items to pour over into a trust. While probate may have a bad reputation, it doesn’t necessarily take a lot of time or money to complete this process. This may be especially true if you have a will, which may be one of the biggest reasons to make one even if you don’t have kids.
You Still Have Affairs to Tend to Even If You Don’t Have Children
You may feel as if a will is useless if you don’t have children to pass assets to. However, a will can include a list of digital assets, where to find them and who should manage them. The document could also include information as to where a trust is located or where financial records may be hidden. This can be helpful to grieving family members or others who are responsible for settling your estate.
Don’t Let the State Determine Where Your Things Go
Without a will, the state has greater say over who gets your belongings. Generally speaking, your spouse, kids or parents will get access to bank accounts or other assets that you have at the time of your death if you die intestate. Therefore, it’s possible than estranged family member gets an item that you would rather a close friend or colleague have.
An Attorney Can Talk More About the Benefits of a Will
An estate planning attorney in Las Vegas may be able to provide more information about the benefits of will regardless of your family status. He or she may also be able to help you create a will or review one that you have already created.