August Marks National Make-A-Will Month

August is National Make-A-Will Month (And maybe a trust!) — a timely opportunity to spotlight an often-overlooked yet critical topic. It’s a common misconception that wills are only necessary for the elderly or wealthy. The truth is, creating a will is a proactive and caring decision suitable for people of all ages and financial backgrounds.

Control Over Personal Belongings

One of the greatest benefits of having a will is the ability to decide what happens to your belongings. Even if you don’t own a house or have major investments, a will ensures that whatever you do have — be it your car, bank accounts, digital assets, or even pets — goes to the right people. Imagine your cherished guitar going to a friend who loves music as much as you do, rather than ending up somewhere unintended. 

Appointing Guardians for Children

If you’re a parent, having a will is especially critical. This document legally enables you to name a guardian for your children, ensuring they are cared for by someone you trust if something unexpected were to happen. It offers peace of mind knowing you’ve planned for your children’s future.

Clarifying Medical and Legal Wishes

Wills can also include living wills or healthcare directives, elements that allow you to express your wishes for medical and legal decisions if you’re unable to communicate them personally. This type of planning can significantly ease the emotional burden on family members during challenging times, and it’s not something that should be postponed until later in life. 

Support for Your Financial Well-Being

Sometimes we need help from loved ones or trusted friends when things get tough as we advance in years. A Power-Of-Attorney, can help you and your supporters manage your finances even before you become unable to do so. You may need to consider this possibility, and take advantage of this legal tool, while you are still able to competently make these decisions. 

Simplifying Matters for Loved Ones

By having a will and a trust in place, you make things easier for your loved ones. Well-drafted wills and trusts prevent confusion, legal delays, and stress for the people you care about most. Picture the relief your family might feel in an already tough time, with clearly laid out instructions for the protection and distribution of your hard-earned assets and the assurance that they’re honoring your wishes.

Making a will, and a trust where necessary, is a responsible and compassionate step that helps protect loved ones and gives you control over your wishes. Use this month as motivation to either create a will or encourage younger family members and friends to do so. Remember, peace of mind is not something to reserve for later in life. Take action this National Make-A-Will Month and safeguard your legacy and your loved ones.