“Not to decide is to decide.” That quote from a high school English teacher is not the most eloquent. But it gets the point across.
Her point is, if we put off a decision long enough we have already made our decision. And that decision will likely have some negative consequences.
Take for example your last will and testament. What happens if you delay the process of making decisions regarding your estate too long?
First, state law will dictate how your estate (regardless of its size!) is distributed. A court-appointed executor will administer your estate. The court will also select care-takers for your dependent children. Gifts to individuals and ministries willnotbemade.
Second, dying without a will may cause loved ones unnecessary turmoil. They will be grieving, but will have to face the uncertainties and complications of dealing with your estate. They will be left to the mercy of the court regarding timing and decision-making. They may have to stand by and see your estate disbursed in ways they know you would not approve.
Third, the size of your estate will be unnecessarily reduced. Court costs and other settlement fees can be expensive. Assets maybe prematurely sold. Estate taxes that could have been avoided will have to be paid.
Research tells us that somewhere between 70 and 80 percent of all Americans do not have an up-to-date will. While creating a will can be time consuming and expensive, we have resources that will save you both time and money.
Updating your existing will can be fairly easy, but, here again, we can help you expedite the process. For sample wording to create a charitable bequest, click here.
The consequences of not having an up-to-date will are far more expensive and time consuming than the process of creating or updating. Let us help!