Many years ago I worked in deceased estates and I learned then that making a will is one of the best things we can do to ensure peace of mind financially. It’s probably the last thing we think of when we’re young but having a will establishes clearly what our wishes will be in the event of an accident that incapacitates us or brings down the curtain (you became quite good at euphemisms in the trade). Apart from that, writing a will does turn our thoughts to the future and makes us consider carefully what we would like to happen.

It’s not just about money – it’s about your loved ones too. A will makes clear provisions and can prevent relatives from having to go to court to establish rights. Do them a favor – make a will.

Kiplinger dot com has a good article that explains the basics. It’s well worth a read.