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Statistics show that many people in this country die without a will.
Why? Because considering a will forces each of us to think about death, which is an uncomfortable topic for most people. However, without a will, you cannot control the way your
assets will be divided after your death. You need a valid will in order to provide a smooth transition of your assets to your beneficiaries.
Click here for:
Estate Planning - Frequently Asked Questions
One more thing: Assemble your records
When it is time for your family to put your estate plan into action, they will need
quick access to your records and documents.
To help them find everything easily, create a folder which includes:
- Your Will, Power of Attorney and Health Care Power of Attorney and Living Will.
- Your Birth certificate, marriage certificates, divorce agreements, and prenuptial agreements.
- Your Insurance policies, loan documents, real estate titles, and deeds.
- Your Powers of attorney, Social Security records, and burial instructions.
- The names of your banks and credit card companies with the account numbers.
- Contact information for your attorney, banker, accountant, insurance agent, financial planner, and broker.
- The person to contact at your company's Human Resources department.
Click here for a document that will help you to organize your important records.
The Pennsylvania Bar Association offers free consumer education pamphlets called "Why a Will Can't Wait" and "Advance Health Care Declaration".. You may request copies
by calling the PBA at (800) 932-0311, ext. 253. You may also visit the PBA website at www.pabar.org.
See also:
Divorce
Equitable Distribution of Property
Custody
Child Support
Spousal Support
Alimony
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