Tuesday, August 4, 2009

Do I Need a Will?

One of the more frequent questions I am privileged to hear from people is whether I think they need a Will. The answer is almost always yes, but why? Here are five questions you can ask yourself that can help you to answer this question for yourself.

Here's a clue: if you answer any of the questions below, "Yes", then you need a Will and also Durable Powers of Attorney. This quiz first appeared on our facebook page at: http://facebook.com/bernardgreenberg and we hope you find it useful.

Here are the five questions:

1. Do you have kids? Here we mean kids under an age that you deem appropriate for handling large amounts of money or if the kids are minors.

2. This question is a two-parter: Are you over the age of 18 and do you care who makes decisions for you if you are incapacitated and cannot speak for yourself.

3. Would you want your property to pass at your death to people you choose or people chosen for you by the state where you live?

4. Are you part of a blended family? This means are you part of a family where the members are actually from different or prior marriages?

5. Are you a partner in a domestic partnership, or living with someone in a committed relationship, but not legally married to?

Those are the five questions. If you answer any of the five by saying, "Yes", then you do need a Will and Durable Powers of Attorney. For more information visit our website at: www.bhgreenberg.com or contact our office at 303-730-7100. Thanks for taking our estate planning quiz.

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