Making a Will – 10 Little-Known Facts

Making a will is not the most exciting topic, and it forces you to face your mortality. But whether there’s a pandemic or not, it’s highly recommended to put a plan in place for your home, bank accounts, and belongings if the worst was to happen.

1. What happens if you pass away without a will?

If you pass away without a will, you and your loved ones will not be in charge of how your assets get distributed.

10 Little-Known Facts You Need to Know

2. Some assets are distributed regardless of what your will says

This isn’t quite as scary as it sounds, but you do need to be aware that some assets are passed on outside of the will, regardless of what you put in writing.

10 Little-Known Facts You Need to Know

3. You can set up a will for free, but beware of the limitations

If you search online, there are many free or low-cost templates you can download to make a will. But be aware that these forms will not necessarily comply with all the specifics of your state laws.

10 Little-Known Facts You Need to Know

4. There are other documents you should consider besides just a will to protect you and your family

There are often other legal documents you will want to have on hand and helpful instructions for your loved ones, especially if you are the one that mostly takes care of the finances.

10 Little-Known Facts You Need to Know

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