4 Excuses We Make for Not Having a Will

  • And One Good Reason for Getting One Now


    sponsored post courtesy of Bloomwell.com


    According to this 2016 Gallup Poll, only 44% of Americans reported having a will. That means over half of us do not have a will for one reason or another. So just what are these reasons? And are they good reasons or just misguided excuses? Here's a look at 4 typical excuses many of us make for not having a will, and the one main reason just about all of us should have one.


    1.  I don't have any kids yet or any assets of any real worth. This is typically the excuse voiced by young adults. As a 20-something, your assets may not amount to more than a car, a checking account and a small 401k, if that, and you may not be married nor have any kids. But those few assets could cost your parents, siblings or anyone else stuck settling your estate countless hours and possibly dollars if you were to pass away intestate (without a will).  Many young people fail to recognize that a will is not just to protect your assets. It is also to protect your family. And in your 20s, that often means your parents as opposed to a spouse and kids. Sure, your life situation is going to change several times through your life, and it will mean revising your will, possibly several times. But once you get your initial will done, it is that much easier to make revisions as needed.


    And what if you have a parent or sibling whom you would not want to inherit any of your estate, regardless of how small? You better have a will designating such or the courts will follow the laws of your state to divide your assets.


    2.  Everything will just go to my spouse. Maybe it will, maybe it won't. It all depends on the laws of your state. Per the laws of some states, parents and even siblings may be entitled to part of the estate of a child or sibling who dies intestate regardless of marital status or number of children. Also, your spouse may be required to pay a bond in order to settle your estate if the courts have to get involved because you have no will. If you want to ensure your estate does pass to your spouse without him or her jumping though legal hoops, make sure you have a will.


    3. I don't want to deal with some family issues that writing a will might bring up. Will your sister be offended that you have designated your older brother as guardian of your children in the advent of your death? Do you want to leave one child a bit more of your estate because you have already given another child far more over the years? Sure, putting together your will can mean thinking about and even facing sticky family issues many of us would rather avoid, but it is better than the alternative of having the court grant custody of your children to your sister or your children fight over your estate in court.


    4. I cannot afford an attorney. Many people who do not have a will assume they cannot afford an attorney. Unless you have a large number of assets or a complicated estate, paying an attorney to write up a basic will is not likely going to be that pricey, but you do have other more affordable options. You can write your own will. Just note that you do need to be careful to comply with the laws of your state or your will won't hold much weight in court after your passing. A better option is to write your own will with the help of a site such as Bloomwell.com, a legal document site founded by lawyers.


    While the services of Bloomwell.com are not a substitute for a lawyer, the Bloomwell.com software will guide you through the process of writing a simple will.  You will start by entering your personal information and from there, the Bloomwell.com software will guide you to input any information that might be relevant to anything you would like to include in your will. Along the way, they will provide helpful additional information to be mindful of regarding your state's laws, notify you of estate situations that really require a lawyer's expertise, as well as prompt you with questions you might not think to consider as you put together your will. For instance, when listing in your will those items you would like to "gift" to family members or friends, the software will remind Florida residents that as head of household you must leave your primary residence to your spouse or children, it will provide explanation as to how to properly list "gifts" in your will, and it will suggest you consult a lawyer if you are attempting to leave less than half of your estate to your surviving spouse.


    For a one-time-fee of $59, you can easily create a basic will that can go a long way in protecting your loved ones from the hassle and grief of trying to settle your estate without a will.  For a recurring yearly fee you can have access to all of the Bloomwell.com legal documents with which you can create any or all of the following in addition to your will:

    - Living Trust

    - Financial Power of Atttorney

    - Health Care Directive

    - Child Medical Consent

    - Child travel Consent

    - Domestic Partnership Agreement

    - Pet Trust


    Although most of should have a will, many of us don't. No matter your excuses for not yet drawing up your own will, the best reason most of us have for creating one is to protect our loved ones from a potential time-consuming and possibly costly legal mess. Unless you trust the court system to decide how your estate should be divided, perhaps it is time to consult an attorney or use an online legal service such as Bloomwell.com to finally get that will written and your assets and loved ones protected. 



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