When Is the Right Time to Write a Will?

An entertainer recently came to the realization of the importance of a will, prior to having a medical procedure, according to the Wills, Trusts & Estates Prof Blog in "Selena Gomez BFF: I Wrote My Will Before Transplant."

The entertainer was Selena Gomez, who has been diagnosed with Lupus disease which can be very debilitating and result in many different medical complications.

For Gomez, it resulted in her kidneys starting to fail and in needing a kidney transplant. Luckily for her, her best friend was a match and the friend agreed to donate.

The friend stated that she had to write a will, and which was when she first thought about the possibility that she might not survive.

This is not that unusual.

For many people, writing a will and creating an estate plan means they have to think about the possibility that they will pass away.

That is an uncomfortable thing to think about for some people, so they avoid the subject and do not get estate plans.

Regardless of whether people want to think about it, we are all going to pass away.

It is better to pass away after getting an estate plan.

An estate plan is important for having a say in the distribution of your assets after you pass away.  However, it is also a good way to protect your family.

Reference: Wills, Trusts & Estates Prof Blog (Nov. 5, 2017) "Selena Gomez BFF: I Wrote My Will Before Transplant."

 

Selena

Category: Books, Estate Planning, Wills Tags: , No Comments

Check with Attorney before Challenging Estate

The outcome of a challenge to an estate isn’t guaranteed and could backfire, according to the Wills, Trusts & Esta... Read More »

Manson Leaves Estate to Pen Pal

Charles Manson, who died in prison in November, knew he had an estate and he made plans for it to go to his pen pal, ac... Read More »

Problems Can Be Avoided by Informing Family of Plan

Surprise can sometimes be the biggest source of estate battles, so it is probably a good idea to talk to your family ab... Read More »

Comments are closed.