How to choose the appropriate wills
Many people have heard of wills, but ignore how to write it, where to get it and the type of document suitable according to its personal and financial characteristics.
Much like life insurance, the will is an ideal way to protect the financial future of their loved ones if some day comes to fall, since it avoids everything that has managed to build his life, falling into the wrong hands. To ensure that your wishes are followed when distributing your property, make sure that the will is a fundamental part of your personal financial plan. There are several options for developing and choosing the will. The best choice depends on the type of goods and the way they want to be distributed.
In addition, there are requirements in each state that could determine the legal validity of the various types of wills. It is best to talk to a lawyer to help you prepare this document. Some of wills that might fit your situation include:
Simple wills: It contains a generic format that simply fills in the blanks. Because it is a standardized according to the legal requirements in your state form, this type of will is ideal for people whose heritage is not too extensive or complicated.
Common or joint wills: This option is for couples who want to share the same will. Both signed a single document and if any of them dies, the property shall be the property of the surviving spouse. The will also indicates other beneficiaries (and their children) who will inherit the estate once both spouses die. The surviving spouse cannot change the terms of the will, ensuring that the wish of the first person is respected in death.
Living wills In this type of wills, expresses its willingness in advance regarding the medical treatment you receive if that is unconscious and cannot communicate. For example, you can specify whether or not to be resuscitated in the event of respiratory arrest, or if you are willing to be connected to an automatic fan.
Besides the wills, remember that a financial advisor can help you choose the best tools to protect the economic future of his family, including life insurance, retirement funds and annuities.