Your Last Will and Testament can be as simple as you want.
If you’re single with no children or pets, you can use a will to pass your money on to parents or siblings; or, to give your jewelry to charity, as examples.
This is the most basic use of a Last Will and Testament. It’s protection for your money and your stuff.
For people with children or pets, wills can get more specific.
A last will and testament can be used to earmark money toward college for kids; to set up a trust to protect your household wealth; and, to ensure that children are placed with a guardian of your choice.
In your will, you can also appoint a new owner for your pet and optionally leave cash to that person for your pet’s care.
Without a will, your pet could be taken from your home, and potentially be euthanized by the state. This is not a good outcome.
There are other things you can do with a will, too:
- Donate a collection of musical instruments to a school
- Assign a freelance business to a partner or a relative
- Create an heir for your social media accounts
Your will can also specify whether your remains should be buried or cremated, and how you’d like your funeral to be.
Remember: your will is flexible. You can use it how you want. The most important part, though, is having one.
Without a will, you’re at the mercy of your government.
Are you a first time home buyer?
Let us know if you’ve done this before - whether you’re a seasoned pro or buying for the first time. We’ll share the perfect information with you as you need it.
An insurance claim is an official request you make to an insurance company, asking to get paid for damages. Insurance claims can be made for any reason that’s a part of your insurance policy. When you have homeowners insurance, you can make an insurance claim after a fire in your home; after there’s been theft […]