Answers Please.....?

Question

Briefly state the importance of having a will?

Answer 1

it ensures that ppl will get what u want them to get & they don't have to spend yrs fighting w/ 1 another in probate court. also, the courts will eventually decide who gets what & i'm sure that's not what u want.

Answer 2

Control the disposition of your wealth upon your demise, or the State will.

Your home is wealth, and if there is a mortgage, a will provides the best protection against the creditors. The mortgage still has to be paid by your inheritors, but a will in probate can keep the creditors from taking a foreclosure action.

If you have a spouse or children and you don't want the State to decide the division, you need a will. If you are remarried with a child from prior marriage, you definitely will want a will or your child could be disinherited.

Answer 3

"Answers Please: Briefly state the importance of having a will?"

The quick answer to your question is "It makes things easier for the people who are still living."

If you die without a will (or "intestate") then either someone will have to volunteer to come forward to administer your estate or your local probate court will appoint someone to do so. Then the laws of "intestate succession" will dictate how your assets are transferred to surviving members of your family. Intestate succession usually means your surviving spouse inherits first, or if none, then your surviving child or children, of if none, then your surviving siblings, or if none, then your surviving parents, etc.

If you don't have anything, then it's no big deal.

But if you have significant assets or valuable or treasured keepsakes that your family might squabble over-- or if you have interests that various people might fight to control after your death-- you'd be doing them all a kind service to have stated your wishes in a Last WIll and Testament.

[This is not legal advice. You should consult a licensed attorney-at-law for legal advice and representation before making decisions that may affect your legal rights.]

Answer 4

If you do not have a will the law dictates how and where your stuff will go. Do you want the State giving your stuff to that long lost cousin or sibling you haven't seen in 20 years or maybe a sibling you never met because your parent had a child out of wedlock (think of the possibilities!)? Write a Will so your stuff goes where you want it to. If you don't care, then don't but if you do care, do.

Answer 5

Without it you would not believe the amount of ill will that left as Aunt Agatha and Second Cousin Iris argue over who gets the velvet painting of The Last Supper. And is it worth more than Grandma Winkies pink ceramic poodle?
All the time you thought your favorite daughter would get your engagement ring, it turns out your least favorite son-in-law took it for his next wife. Its enough to make you come back.
Rest in Peace....make a will.
If you die without one the state can come in and divide your property and appoint a paid (out of the estate) executor, leaving less or nothing for those you wanted to endow.

Answer 6

basically all it does is make sure what you have when your dead goes to the people you want it to go to keeps down the hard feelings between people after your gone that way they can still blame you for something but if you don't do it then they blame you for leaving all the confusion behind if it's a living will it just states your preferances of what to do with your body if your are unable to make your wishes know at the needed time

Answer 7

If you're single and don't really care about who gets your stuff when you're gone, you don't need a will. Wills are recommended for people who are married, have children, are divorced and don't want the ex-spouse to get anything, and for people who want to dictate who gets their personal property in the event of their death. If you die intestate (without a will) the state decides who gets what...

Answer 8

Screaming Eagle is right. . . the government gets your money. Usually the state will decide where your money goes. Leave your stuff to your neighbor, a charity, your dog, or even ME! Just DON'T LET THE GOVERNMENT HAVE IT!!!!!!

Answer 9

Makes your families' lives much easier after you die. You can control where your assets go and who gets nothing.

If you don't have one, the state laws control what happens and it is a complete headache.

Answer 10

If you don't have a will, the government decides what happens to your property after you die, instead of you.