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5 Reasons Why Creating a Will Demonstrates Love

By Jeremy Fulton on August 13, 2020

The reading of the will, as seen on TV: family and friends gather in the lawyer’s office.  The family attorney opens the sealed manila envelope and clears his throat.  The room goes silent in an instant with the anticipation of what’s to come.  As the reading progresses, a mix of emotions and expressions fill the room: elation, joy, anguish, anger, sadness, crying, and the breaking of relationships.Hollywood does it’s best to build drama for the audience, but that is NOT what you want to leave behind, is it?

I remember talking with a friend as she was navigating the complex and convoluted process of settling her mother’s estate after the mother passed without leaving a will.  The time, the difficulties, and heartache of trying to divide up what she left behind,  without severing the fragile family ties, was how my friend was forced to remember her mother in those first few months after she passed, instead of reflecting on all the good memories.

Writing a will isn’t always easy; to do so acknowledges that you are mortal, that you may lose your loved ones, and that you are not guaranteed tomorrow. But to do so, to do the hard thing now, is a huge act of love to those who may be left behind.

Especially now with COVID-19 spreading and not seeming to go away, we need to be ready, for whatever happens.

Here are 5 ways that creating a will is an act of love towards your family:

  1. YOU decide who gets what. You are not putting the burden of divvying up your possessions on your executor (legal name for the one who settles your estate).  It is likely that you will have family heirlooms, some wealth, and items that hold sentimental value to your family.  I’m sure you know someone or have heard of someone who experienced a family fall out because someone didn’t get dad’s tie collection.  Communicate your desires ahead of time, so everyone knows where they stand, and why, long before you pass on.  Don’t put that burden on your survivors.
  2. More of your estate stays out of probate. Probate is the court that settles wills, but probate is VERY expensive and going through it can be very time intensive.  Don’t make your loved ones have to deal with grieving for you AND dealing with the legal system at the same time.  You will also allow more of your hard-earned assets to pass to your kin vice the state.
  3. You get to choose who becomes guardians for your minor children. Before you write your will, talk with your spouse (warning, it can be a VERY emotional discussion) and come to an agreement on who you want to raise your kids should you both pass on.  Then ask the proposed guardians (in person, not over text or Facebook!); explain why you chose them.  Then talk to anyone else who might think they would be the guardians and explain why you chose someone else.  It’s a VERY hard discussion, but it must be done to ensure there is peace in your remaining family.  And do you really want the state to decide who gets your kids?  Me neither!
  4. It can allow all your possessions to pass to your spouse seamlessly should you predecease him/her. You don’t want your spouse to have to deal with the courts when she should be grieving.  Don’t add stress to an already difficult situation.
  5. If you have a blended family, it sets up the expectations ahead of time.Deciding how to divide assets between a spouse and child won’t be easy, but don’t make them duke it out after you are gone; be an adult and allow them to challenge you while you are still around to explain and/or make changes.

Now, once you have your will (or wills, if married) complete, discuss the contents with all who are affected.  Don’t allow the drama of TV to take place, deal with your decisions now!

If you do not currently have a will, or your situation has changed since you last revised it, seek out the advice of a quality estate planning attorney today!


Strata Wealth Partners  is a group comprised of investment professionals registered with Hightower Advisors, LLC, an SEC registered investment adviser. Some investment professionals may also be registered with Hightower Securities, LLC, member FINRA and SIPC. Advisory services are offered through Hightower Advisors, LLC. Securities are offered through Hightower Securities, LLC. All information referenced herein is from sources believed to be reliable. Strata Wealth Partners  and Hightower Advisors, LLC have not independently verified the accuracy or completeness of the information contained in this document. Strata Wealth Partners  and Hightower Advisors, LLC or any of its affiliates make no representations or warranties, express or implied, as to the accuracy or completeness of the information or for statements or errors or omissions, or results obtained from the use of this information. Strata Wealth Partners  and Hightower Advisors, LLC or any of its affiliates assume no liability for any action made or taken in reliance on or relating in any way to the information. This document and the materials contained herein were created for informational purposes only; the opinions expressed are solely those of the author(s), and do not represent those of Hightower Advisors, LLC or any of its affiliates. Strata Wealth Partners  and Hightower Advisors, LLC or any of its affiliates do not provide tax or legal advice. This material was not intended or written to be used or presented to any entity as tax or legal advice. Clients are urged to consult their tax and/or legal advisor for related questions.

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