“But I don’t need a Will. I don’t have any Real Assets.”

Even if you do not have children or own property, creating a Will can still be beneficial. Here are a few reasons why:

• Distribution of personal items – A Will can specify who should receive your personal items such as jewelry, family heirlooms, or sentimental items.

• Distribution of financial assets – While 401K’s and brokerage accounts allow you to designate beneficiaries, what about your other financial assets? Do you have a checking or savings account that you would like to be given to a specific person or persons?

• Charitable donations – If you have a favorite charity or cause that you want to support after your passing, a Will can ensure that your assets are distributed to that charity.

• Pets – While pets are considered property, they are living beings that require care and attention. A Will can ensure that your pets are taken care of in the event of your passing.

By including your pets in your Will, you can specify who should take care of them and how they should be cared for. You can also set aside funds for their care, to ensure that they have everything they need to live a happy and healthy life after you are gone.

Without a Will, your pets may be left without a designated caregiver and could end up in a shelter or with someone who is not equipped to care for them properly. This can be a traumatic experience for your pets and can lead to unnecessary stress and anxiety.

• Appointing an executor – A will allows you to appoint someone you trust to handle your affairs after you pass away. This person, known as an executor, is responsible for carrying out your wishes and ensuring that your assets are distributed according to your wishes.

• Simplifying the probate process – Without a Will, the probate process can be complicated and lengthy. A Will can help simplify the process and make it easier for your loved ones to settle your estate.

In summary, while having children or owning property are common reasons for creating a Will, there are other reasons why it can be beneficial. A Will can specify the distribution of personal items, appoint an executor, make charitable donations, and simplify the probate process. It is always a good idea to consult with an estate planning attorney to determine the best course of action for your individual circumstances.

If you have any questions about this or would just like to discuss further, please call Alaina Davalos at 404-255-7400.