A will is more than just a legal document—it is the simplest form of estate planning and can be a vital tool that helps ensure your wishes are honored and your loved ones are provided for after you are gone. Despite its importance, many people postpone writing their wills, often assuming it is only necessary for the wealthy or elderly. However, having a will is essential for anyone who wants to protect their legacy and bring peace of mind to their family and friends.
Why write a will?
- Ensure your wishes are respected
A will allows you to specify exactly how you want your assets to be distributed. Without one, state laws often determine who inherits your estate, which may not align with your personal intentions. - Protect your loved ones
If you have dependents, a will enables you to designate guardians for minor children. Without clear instructions, the court makes these decisions, which may not reflect your preferences. - Prevent family disputes
Often the absence of a will can lead to disagreements among family members over the allocation of assets and division of responsibilities. A well-structured will can provide clarity and reduce the risk of conflicts and possible legal challenges. - Simplify the legal process
A will helps expedite the probate process, helping to ensure that your beneficiaries receive their inheritances more quickly and with fewer complications. Without a will, the process may become prolonged, expensive, or even stressful. - Support charitable causes
If philanthropy is important to you, a will allows you to leave a portion of your estate to charities or causes you care about, ensuring your legacy continues in a meaningful way.
Writing a will is an essential step in life planning that benefits both you and your loved ones, it is also an act of care for your loved ones. It provides security and clarity, and helps ensure that your values are reflected in how your estate is managed. While it may be a difficult topic to consider, taking action now can save your family unnecessary stress and uncertainty in the future. If you haven’t already, consider consulting an estate planning attorney or using a trusted online service like FreeWill to create your will today.
When should you write a will?
There is no ideal age to draft a will, but key life events make estate planning especially important:
- Marriage or divorce – Changes in marital status can impact how assets are allocated.
- Becoming a parent – Having children often means working diligently to ensure their financial security and appointing potential guardians.
- Acquiring significant assets – Owning property, a business, or investments requires a clear plan for distribution.
- Facing health changes and aging – As life circumstances change, like retirement or even a change in health, having a will can often provide reassurance that your affairs are in order.
- Wanting to leave a lasting legacy – If you wish to provide for loved ones, friends, or charitable organizations, a will helps solidify your intentions.
Making the process simple with FreeWill
Just remember: A will doesn’t have to be complicated or time-consuming, but it is essential to have one in place. At Case Western Reserve University, we consider your planned gift as an investment in the future. To help make this as easy as possible, the university has partnered with FreeWill. If you do not yet have a will and can set aside just 30 minutes of your time, this service, offered at no cost to family, friends, and alumni of Case Western Reserve University, helps ensure that more people can protect their loved ones and shape their legacy with ease.
For more information about estate planning or making a planned gift to Case Western Reserve, contact the Office of Strategic Giving at 216.368.4460 or visit plannedgiving.case.edu.