19 Wills
The importance of a will
Psalm 16:5-6 ‘Lord, you alone are my portion and my cup; you make my lot secure. The boundary lines have fallen for me in pleasant places; surely I have a delightful inheritance.’
After you leave this planet, “tell your money where you want it to go, THROUGH A WILL or a trust, or it will go places that make you sad.”
Definition: A will is a legal declaration of a person's wishes regarding the disposal of his or her property or estate after death. Its written, legally executed, and directs where you wish your estate to go.
I. If you have NO will: the government and probate court have a plan for your assets.
II. What a will does:
Directs your assets
Avoids probate and legal costs
III. Why create a will:
Lessens stress at one’s death
Provides for your family
IV. Other necessary documents:
A. Financial power of attorney
B. Health care power of attorney
C. Living will --end of life decisions
Psalm 16:5-6 ‘Lord, you alone are my portion and my cup; you make my lot secure. The boundary lines have fallen for me in pleasant places; surely I have a delightful inheritance.’
After you leave this planet, “tell your money where you want it to go, THROUGH A WILL or a trust, or it will go places that make you sad.”
Definition: A will is a legal declaration of a person's wishes regarding the disposal of his or her property or estate after death. Its written, legally executed, and directs where you wish your estate to go.
I. If you have NO will: the government and probate court have a plan for your assets.
II. What a will does:
Directs your assets
Avoids probate and legal costs
III. Why create a will:
Lessens stress at one’s death
Provides for your family
IV. Other necessary documents:
A. Financial power of attorney
B. Health care power of attorney
C. Living will --end of life decisions
Previous
18 Choosing an Advisor
Next