Mature Life Features

Cecil Scaglione, Editor

Making a Will Won’t Kill You

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By Cecil Scaglione

Mature Life Features

   If you want to get even with your kids, don’t make a will.
Let them squabble over your savings and stuff while they’re being scolded by your surviving spouse. But despite any spite you may feel toward your family  — you can make a will bequeathing your estate to your favorite pet, if you wish — you should prepare documents to prevent the government from snatching a chunk of your estate.
Taking some estate-planning steps ensures that your assets go to whom you wish after your demise rather than leaving the decision up to the courts. This also slashes much of the legal costs that linger after you’re gone if you’ve made no plans for your estate.
The basic document is a will. This avoids leaving the disposition of your financial assets and
memorabilia to chance. You should choose an executor to process and administer the terms of your final testament. You also can name a guardian to handle the financial legacy for any under-age grandchildren named in your will.
Preparing a will can be done as easily as writing one out by hand on notebook paper with your signature and without a witness or notary. Stationery stores have handy-dandy write-your-own-will forms that allow for signatures of two witnesses after completion.
There’s plenty of assistance available in your local library and on the Internet if you don’t want to
take on the expense of an attorney or proceed to more detailed estate-planning processes. While
estate planning is highly recommended whether you’re 25 or 75, you should at least write a will.

Mature Life Features, Copyright 2003

Written by Cecil Scaglione

September 14, 2011 at 12:05 am

Posted in Finance

Tagged with , , ,

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