If you’re like most people, who don’t know the importance of writing a will, here is Michael Scarpaci, the manager of Scarpaci funeral home in Staten Island tells why it is important to have a will.
2. It is obvious that when you die, your
family will take care of your estate. If
you’re like most people, who don’t
know the importance of writing a will,
here is Michael Scarpaci, the
manager of Scarpaci funeral home
in Staten Island tells why it is
important to have a will.
3. To ensure that the right people
inherit your assets - One of the
biggest advantages of writing a
will is that it ensures that the
deserving and right people inherit
your assets. If you don’t have a
will, the people or organizations
whom you want to make
responsible for your estate may
fail to receive them if the probate
court deems the right heirs. This
is important when your assets
carry a monetary o sentimental
value.
4. AVOID LEGAL
CHALLENGES
As already mentioned, without a
will, a probate court will decide
who is the rightful receiver of
your assets. Therefore, this may
result in many legal challenges
for your family that a will can
avoid.
5. To provide your children with
security:
In case, your children are
still minors when you passed
away, a will can provide your
children with security in the
future. In your will, you can
mention the guardians to
assume responsibility for
your children.
6. Lower taxes - Another
important reason to have a
will is that estate taxes and
other legal fees can add up
and reduce the value of the
inheritance. Therefore, by
writing a will, you can
reduce these expenses.
7. There are many benefits
of writing a will, to know
more about the
importance of writing a
will consult Michael
Scarpaci.