Planning for retirement is an essential part of growing older. Although you should still enjoy your life, it’s essential that you at least think about the future and all the difficult decisions that go along with those topics. One tough decision that people too often refrain from making is writing their will.
Only 20% of people between the 30 and 39 years old currently have a written will, despite this being the age bracket for people most likely to start a family. Perhaps the main reason people aren’t writing wills is because they find it difficult to do so. Roughly 75% of survey respondents admit that they would be more likely to create their own will if there was an easier way to do so online. In addition to the actual probate process, here are a few important aspects to consider when it comes to your family’s future.
Work with a legal representative
Working with a team of estate planning legal representatives is essential when drafting a will. You want to make sure that you’re doing everything correctly and that your family will be protected in the future, but you don’t want to disclose all of your personal and financial information to just anyone. Make sure that you do plenty of research on teams of real estate lawyers and select the legal representatives who will assist you throughout the will writing process and beyond.
Know when to update your will
Although some people can go their entire lives without having to update their will, that’s not the case for everyone. If you go through any major life event (divorce, marriage, moving away from your kids, etc.), you might want to at least talk to your real estate lawyer and examine your will once again. Keep in mind, however, that the only version of your will that matters is the final one, so any previous versions would be considered null and void.
If you want to learn more about the importance of drafting a will as you grow older, or wish to speak to a team of estate planning real estate representatives, contact Garner and Conner today!