You’ve spent your life working hard and buying assets. While you may be aware that you will have to leave them behind after you pass away, it is essential to think about what will happen to those assets, even if you do not have children.
It is never fun to sit down and think about the fact one day you will pass away. However, that is precisely what you need to do when you create a will. Unfortunately, many Americans forego a will because they either forget to do so or do not want to have difficult conversations. Reports suggest less than half of American adults actually have some kind of will.
Many times, heirs feel as if they should have gotten more from their parents' or relatives' will, or they feel like a sibling got too much. If you think one of your siblings or relatives might make this complaint against you, it is important to take preventative steps to stave off claims of undue influence especially if you are helping your parents with their will.