Why should you have a will?

You may not think that you need a will, especially if you are younger, just starting a family or at the beginning of your career. You would not be alone—70% of Americans do not have a will in place. However, a will can be an essential tool at any stage of your life. Why should you write a will?

You do not know what the future holds.

As much as we like to think that we have many good years ahead of us, the future is uncertain. Preparing a will can give you confidence that your loved ones will have the support they need if you cannot be there for them.

A will allows you to have greater control over your assets.

Dying without a will—also called dying intestate—in Delaware leaves the state to distribute your assets. Writing a will allows you to name your heirs, including those who the state would not otherwise view as heirs like close friends or more distant relatives. A will also allows you to exclude people from your will when they would otherwise inherit. It also allows you to determine what each of them will receive. 

You can name a guardian for your children in your will.

If you have minor children, your will is one of the best ways to provide for them. Naming a guardian in your will allows you to choose who will raise them if you pass away.

You can change your will when circumstances change.

Your will should be updated periodically, and you can change your will at any time during your life. If you have children, come into a great deal of money, get married or get a divorce, your will can be updated to suit your new situation.

With careful planning, your will can suit your life stage and give you confidence in your preparations for the future.



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