Three Reasons to Make a Will
August is here, and with it comes National Make-A-Will Month. Make-A-Will month is an opportunity to dedicate time to thinking about the future and how you can protect it.
While it might feel like a luxury, estate planning is an essential task, and FINCA is here to help our community to get started. We think you’ll find that the process isn’t as long or tedious as you might believe. And the benefits are large.
Here are three good reasons we encourage you to get started on your will this August.
It’s a Tremendously Important Legal Document
Almost two-thirds of American adults do not have a will. That’s a shame given that a will is such a powerful document. It can distribute assets, protect loved ones, and support the causes that matter most to you after death. Every adult should have a will.
With a will, you can plan ahead for your loved ones. For example, you can give family members a financial cushion, choose a legal guardian for your children, and even select the people you want to take care of your pets.
Make-A-Will month is a fantastic opportunity to get more people to create wills. If you haven’t written your will yet – or you think it makes sense to update the will you have, now is a wonderful time to join the movement.
Give You and Your Family Peace of Mind
Wills aren’t just for the rich and famous. (And, in fact, the rich and famous have a history of not creating wills. Google “Prince estate” if you want to see just how dreadful things can get.) Wills make life and death easier for everyone, regardless of socio-economic status.
Think about your assets. You probably have more money than you imagine: house, car, furniture, clothes, books, sentimental items, and more. Without a will, your loved ones will have a lot of work to do to find a home for these things. And divvying things up can create a lot of strife.
Writing a will helps prevent family conflict, relieves stress, and guarantees your assets go to the people you most want to have them. It also gives your family the confidence and guidance that they are following your wishes during an exceedingly challenging time.
Create a legacy that lasts forever
None of us live forever. But there are plenty of ways to have a positive impact on the world long after you’ve died. One of these methods is to donate to charity when you pass away. In your will, you can identify the assets that you want to go to charities. And you can name as many or as few charities as you want.
Donating to a nonprofit organization in your will won’t cost you anything for the rest of your life, but it can be invaluable to a cause that’s been close to your heart for years to come.
Make A Will Today
While making your plan, you’ll also have the option to include FINCA as part of your legacy. These gifts ensure that we can continue to alleviate poverty and empower people today, tomorrow, and for years to come.
If you’re ready to start, we’re here to help. Through our partnership with FreeWill, you can create a legal will or living trust, 100% for free and in under 20 minutes! Visit FreeWill.com/FINCA to get started.