Oregonians, like all individuals, should have a will to ensure their wishes are carried out after they pass away. Here are a few reasons why having a will should be important to you:
- Control over your assets: Having a will allows you to specify how your assets should be distributed to your family, friends, or non-profit organizations after your death. Without a will, your assets will be distributed according to state law, which may not align with your wishes. Having a will allows you to decide where your assets go, rather than allowing the probate court and the default rules determine distribution of your assets.
- Protection for your family: A will can also help protect your family by appointing a guardian for any minor children, specifying how assets should be distributed to family members to care for your minor children, and even setting up trusts to manage assets for the benefit of your loved ones. This includes family members who may be incapacitated and cannot manage their own financial affairs.
- Avoiding legal disputes: A will can help avoid legal disputes among family members by providing clear instructions on how your assets should be distributed. This can help reduce the likelihood of family members fighting over family treasures, such as the cookie jar, or a beloved pet.
- Peace of mind: By having a will, you can have peace of mind knowing that your wishes will be carried out after your death. This can help alleviate some of the stress and anxiety that often comes with end-of-life planning. Not to mention your family will be going through grief and you do not want to add to their emotional distress by leaving unanswered questions about how your estate will be handled.
In summary, having a will is an important step in ensuring that your wishes are carried out after you pass away. It provides control over your assets, protection for your family, can help avoid legal disputes, and can bring peace of mind to you and your grieving family members. If you’re an Oregonian who hasn’t yet created a will, it’s a good idea to consider doing so soon. ELPNW is here to prepare your will or help you update your current will.