A will is a must, no matter what your financial position or marital status. The advantages are numerous, and the problems associated with not having one can be so time consuming and costly that you should not postpone having one drawn up.
Rogers Group Financial can help with the many necessary aspects of creating or reviewing your will. You must ensure that your documents are organized and your will is kept up-to-date. You may require a power of attorney – a formal document that gives a person the power to act as your substitute in carrying out your business or legal affairs. If you are named as executor of an estate, you will want to familiarize yourself with the process of probating a will.
There are many items to consider when drafting a will. You will have to choose an executor who will be responsible for ensuring the terms of your will are carried out. You will also have to designate beneficiaries who will receive your funds or other property. If you have children under the age of 18, you will have to choose a guardian who will take responsibility for their welfare should anything happen to you prematurely. You may also want to choose a trustee to manage assets that are left in trust to beneficiaries of your estate.