I came across the attached article today and it highlights the extremes as to why everyone over the age of 18 should have a Will in place. The lowdown:
1 – Death causes siblings/heirs to fight with each other.
2 – Mom or Dad remarries. New husband or wife gets everything.
3 – Life Partner gets no legal rights.
4 – Life Insurance ends up in the wrong hands.
5 – Heirs are left trying to find the deceased’s assets.
6 – Partner owes enormous taxes on property.
7 – Court filings and Probate process in general can be time consuming and expensive.
Don’t let this happen to you or your loved ones!