Many people realize that having a written Will is important, since it explains how you want your money and personal possessions to be distributed after your death. Unfortunately, many people also keep postponing drafting a Will because they are unsure of how to proceed or decide on certain aspects, or because they want to attend to issues that they believe to be more pressing.
Surprisingly, reports the legal resource center LexisNexis, about 55 percent of adults in the United States don’t have a Will.
If that statistic includes you, then consider drafting a Will sooner rather than later. Here’s why: Without a Will, distribution of your money and personal possessions is left up to the state, which can lead to conflict within your family – or even cause assets to go to the state.
To avoid such issues, here are some basic tips for preparing a Will: