A will is the cornerstone of an estate plan and is a vital part of a sound financial plan for you and your family. Coping with death is difficult. But it is even more difficult for your loved ones after a death if there is no will. Creation of a will protects a family from financial and legal difficulties following the death of a family member.
There are many things to consider when establishing a will, such as how your assets will be divided, who will be the executor of your estate, who will become the guardian of minor children, etc. The creation of a will is not to be taken lightly. It is suggested that a qualified lawyer assist you in the creation of your will. Knowledge of the law and experience will mean you will have access to all the options available, and any difficulties can be easily ironed out.
After your will is established, it is important that you update it regularly. Assets and family situations can change significantly, even in one year, so it is necessary to review your will regularly to make sure it reflects your circumstances and life position.
Attached is a copy of the “Will of an Intestate Person“. Take some time to read this to see what will happen to your estate if you die without a will. Discuss the importance of establishing a will with your spouse and family. By doing so, you will be showing them how much you love and care about them.
Daniel Turnwald
General Agent
859-331-0249
daniel.turnwald@kofc.org
