Does Having a Will Affect Your Family?
Does Having a Will Affect Your Family?
Does Having a Will Affect Your Family?
In a will, you can state exactly how you want your property to be handled and distributed to people you have chosen after your death. There are a lot of people who fail to understand how important it is to have a will especially if you are married and have children of your own. It is best to know and understand the basic and important points of having a will and how it can affect you and your family.
There is a common belief that the surviving spouse or parent will inherit all the property, but it is not always true. The law states that the spouse of the diseased will only inherit a third or half of the assets, and the remainder of the property and estate will go to the children. It cannot be said for sure that the children will get their full, rightful share of the inheritance, so in order to protect their share, it is best to state in your will how much will go to your children in general, and to each child in particular.
However, if you have children but are a single parent, then things will be handled a bit differently. The entire property will be given to the children directly, as this is what is written in the state law. It is possible, however, that an ex-spouse or another family member may try to take control over the children's share, so it is best if you choose a trusted person to handle the affairs of your kids, most especially if they are still minors.
Even though you have a will, there is still a possibility that your surviving spouse may renounce it and instead ask the court if they can take their share of the inheritance because it is also supported by the law. You must state in your will how you want your property to be exactly distributed and who will be the only legal heir/s so that usurping of control may be avoided. This can ensure that your children get their fair share of the inheritance. It is also better to learn and know more about your state's laws to avoid miscommunication.
http://www.articlesbase.com/law-articles/does-having-a-will-affect-your-family-3650814.html
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