Who Needs a Will

“Only rich people need wills, right?”. This is a common sentiment I hear from individuals who don’t have the full picture of the benefits that a will or an estate plan can offer to the every day person. Generally a will provides for the distribution of one’s assets after they pass away. The more detailed version of what a will does is more expansive than that. Wills/estate planning can assist with setting guardians for minor children, providing guidance on final wishes, tax savings, and preventing probate complications upon death. Everyone from young adults to elders can benefit in several ways from having a will and an estate plan. Often times the benefits of a properly created will and estate plan are shared by your loved ones after you pass. This can benefit them greatly during a time of high stress.