Wills Do Not Tempt Fate.

Will let you in on a well-known secret. In honor of St. Patrick’s Day, it is important to dispel superstition.

There’s a persistent belief that creating a Will somehow hastens one’s passing.

The thought goes: by preparing for death, you’re inviting it. This superstition, while understandable from an emotional standpoint, couldn’t be further from the truth.

In reality, creating a Will is a responsible and proactive step, regardless of your age or health.

Dispelling the Myth: Why a Will is Essential
Having a Will can provide peace of mind, knowing that your wishes will be honored, and your loved ones will be protected. 

Here’s why it is a lucky document:
• Control Over Asset Distribution:
Without a Will, your assets are distributed according to state laws, which may not align with your intentions. This legal process, known as intestacy, can be lengthy and complex.

A Will allows you to specify exactly who receives your property, including specific items, monetary gifts, and real estate.
• Guardianship of Minor Children:
For parents of minor children, a Will is essential for naming a legal guardian. This ensures that your children are cared for by someone you trust.

Without a designated guardian, the court will appoint one, which may not be your preferred choice.

• Protection of Pets:
You can designate a caregiver for your pets and allocate funds for their care.

• Streamlining the Probate Process:
A well-drafted Will can simplify the process.
This can save those important to you time, money, and stress during a difficult period.

• Charitable Giving:
 If you wish to leave a legacy to a charitable organization, a Will allows you to specify your donations.

• Avoiding Family Disputes:
Clear instructions within a Will can prevent disagreements among family members regarding the distribution of your assets.

Keeping Your Will Current: A Necessary Practice
Life is dynamic, and your circumstances can change. Therefore, it’s crucial to review and update your Will periodically. Here are some key events that warrant a review:
• Marriage or Divorce: These events can significantly alter your estate planning needs.
• Birth or Adoption of Children: New additions to your family require adjustments to your Will.
• Significant Changes in Assets: Major purchases, sales, or changes in investment portfolios necessitate updates.
• Death of a Beneficiary or Executor: You may need to appoint new beneficiaries or executors.
• Changes in State Laws: Estate planning laws can change, so it’s essential to ensure your Will complies with current law.
• Changes in your personal preferences.

The Bottom Line:
Creating a Will is not tempting fate; it’s taking control of your future and ensuring your loved ones are protected. It’s a practical and responsible decision that provides peace of mind.

Don’t let superstition deter you from taking this essential step. Consult with an estate planning attorney to create a Will that reflects your wishes and protects your legacy.

Faithful Elder Law Solutions, PLLC can be your legal “4 Leaf Clover” if you are a little superstitious.