Creating a last will and testament is important for every adult. It doesn’t matter whether you’ve accumulated many assets, or barely own anything. A will is especially important if you have children, and extremely important if they are still minors. However, studies repeatedly show that less than half of people have a will of any kind. Not having a will can cause plenty of headaches if you pass away unexpectedly.
Dying with a will is known as being intestate. The result is that any assets you have will fall under the “intestacy laws” of the state where you live. The state government will then determine how your property is distributed after your death. This includes any bank accounts, securities, real estate, cash, or other assets you own. Family and friends could end up inheriting nothing. To avoid this happening, you absolutely need to take the time to craft a will. However, there are plenty of mistakes that people make when writing a will. Here are some of the worst offenders that you should avoid.