Writing a living will can be really helpful for your loved ones in the event that something happens to you. There are some life circumstances which may signify a need for a living will, but in all reality, just about everyone should have a current will. Here are just some of those situations where the writing of a living will is practically essential.
Illness – You definitely want to speak with a lawyer and create a living will immediately upon being diagnosed with any serious illnesses or diseases. In the event something does happen to you and you’re not able to make financial decisions, your estate will already be split up and taken care of.
Old Age – If your kids have all moved out and started their own families, now would be a good time to create a living will including your grand kids so you can enjoy the rest of your retirement.
Receiving a Large Inheritance or Payment – You may also want to consider creating a living will if you recently have received a large inheritance or payment from a big business deal or settlement. This is to ensure that your fortune and property will be handled appropriately in case anything were to happen to you.
Dangerous Lifestyle – If the way you make a living happens to be a little dangerous or you just enjoy partaking in extreme activities, it’s a good idea to have a living will. This is of course because your risk of life threatening injury is much higher than those who live a calmer lifestyle.
While these are just some of the circumstances when the writing of a living will is recommended, it’s actually a good idea for everyone to write one as soon as possible. After all, you can’t ever predict when and where an accident will occur. If you live in the region of West Columbia, South Carolina, contact The Allen Law Firm to discuss the first steps you should take to write your own living will.
