In fact, according to estate-planning attorneys, there are numerous reasons whyeveryoneneeds a will.
Whos going to handle your funeral arrangements, and what would you like [those arrangements] to be?
So long as you might afford this amount, though, its universally worth having one.
4 reasons every adult needs a will, regardless of age or net worth
1.
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Lets say you dont have a spouse, but you have two kids.
Crystal West Edwards, Esq., is a Principal in the Wealth Preservation Group at Porzio, Bromberg, & Newman. She has extensive experience in the areas of elder law, special needs planning and advocacy, estate planning and estate administration, and counseling.
Your life evolves, and your plan can, too.
If it does, youre all set, and if it doesnt, you could modify it.
A will allows you to decide how and by whom youd like those ends tied up.
(That person is someone whom youll name as the executor of your estate.)
Generational wealth doesnt usually start by someone leaving a family member a million dollars, says Edwards.
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Crystal West Edwards, Esq., is a Principal in the Wealth Preservation Group at Porzio, Bromberg, & Newman. She has extensive experience in the areas of elder law, special needs planning and advocacy, estate planning and estate administration, and counseling.
