Last Will and Testament: What Is It & 7 Crucial Reasons You Need to Have One
In this video, Vitaly is expanding on a topic of estate planning and talking about Last Will and Testament, also know as a will. He believes that a will is the core document of an estate plan and should be adopted as soon as possible. A will is a legal documents that states how to distribute assets after one passes away. However, a will is much more than that. It is a great way to protect minor children, ensure a smooth transition of business assets, and ease the grieving process for loved ones. If you are still not sure what a will is and why you need one, here are seven crucial reasons for you to consider.
7 Reasons to Have a Will
Protect your assets and distribute them in accordance with your wishes
Disinherit certain people
Assign legal guardians for your minor children
Expedite the estate process
Reduce estate taxes
Provide instructions for your digital assets
Support your charity
Watch the video to learn more what a will must cover and how to create one.