Popular Misconception About a Last Will & Testament

A popular misconception about having a Last Will & Testament is that you need to own wealth or be of a certain age before it matters. Everyone needs a will, no matter how young or how limited your assets. Developing a Wonderfully Rich Retirement® and defining your legacy begins with a first step.

This article on the Well + Good website is a good read for everyone, especially young adults. The author lays out four key reasons everyone needs a will:

Secure end-of-life medical decisions

Organize your logistics around death and dying

Direct what happens to possessions of sentimental value

Take the first step toward creating family wealth and defining your legacy

Be Kind to Your Family

Death can happen at any moment, without warning. Making these preparations defines your legacy and also is kind to your family. A Last Will & Testament that is up-to-date can save your family from tremendous stress and allow them to focus on celebrating your life in the time they have together following your death.

A will directs how material possessions are handled, as well as money. Your IRA can be divided equally, but a piece of heirloom furniture cannot.

Be kind to those who survive you. Leave them what you want them to have, and also an easier process implementing your last wishes.

Well+Good is a website that seeks to decode and demystify what it means to live a well life, inside and out.

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