The word “estate” seems odd to many people. We just don’t think of our possessions as being an “estate!” Estates are what rich people who live in mansions have; people like us just have ’stuff.’ However, most people have more possessions than we might think, at first. There’s the house, the car, the bank accounts (no matter how small) the collection of Hummel figurines, and 60 years’ worth of Superman comic books. . . .
And don’t forget your life insurance policies.
Be sure you have a will! Even just to make sure your nephew Andy gets the comic books, everyone needs a will. If you have a spouse and kids, a will is even more important. Even if you’re alone, wouldn’t you really prefer to give your ’stuff’ to someone in particular, rather than let the State get it all? Sure you would.
Even if you’re married, don’t think for a moment that you don’t need a will; in some states, if a spouse dies and there’s no will, half the estate goes to the surviving spouse and the other half goes to. . . the deceased’s PARENTS! And do you really want your children to come into their share of your estate before they’re 21?
Even if your estate isn’t sucked dry by the State, you don’t want your things fought over by your relatives, either. Make a will.
Then store it right here at YouDeparted, along with all of your other personal papers and requests and bequests and policies, so that when the time comes, your selected executor can access it all in one place.
It would be a such a very considerate thing for you to do for your loved ones.
This entry was posted
on Wednesday, May 30th, 2007 at 12:05 am
and is filed under Advice.
You can follow any responses to this entry through the RSS 2.0 feed.
You can leave a response, or trackback from your own site.
Related Posts:
No related posts