Creating a will is a crucial step in planning for the future. Many Louisiana residents put off creating a will because they don’t like to think about death, but having a will can provide peace of mind and ensure that your wishes are carried out after you pass away.
You decide who inherits your assets
With a will, you get to decide who inherits your assets after you pass away. Without a will, your assets will be distributed according to state law, which may not align with your wishes. Creating a will allows you to ensure that your assets are distributed to the people or organizations that you care about most.
You can name a guardian for your children
If you have minor children, creating a will allows you to name a guardian to take care of them if you pass away. This is an important estate planning decision that should not be left up to the courts or state law.
You can minimize family conflict
Without a will, family members may fight over your assets, which can lead to long-lasting conflict and strain relationships. Creating a will can help minimize the potential for conflict by clearly outlining your wishes.
You can reduce estate taxes
With a will, you can take steps to reduce estate taxes and ensure that more of your assets are passed on to your loved ones. This can be beneficial to your children’s growth and financial future.
You can update your will as your life changes
Life is unpredictable, and your wishes may change over time. Creating a will allows you to make changes as your life circumstances change, such as getting married, having children, or acquiring new assets.
Having a will is a smart decision that can provide peace of mind and ensure that your wishes are carried out after you pass away. If you do not yet have a will, now is the time to do so.