What does a will do for you? How does it protect you? Why is a will important?
A recent article by investopedia.com breaks down the answers for you. The article gives an in-depth definition, and breaks down the different types of wills. It also explains the importance of a will:
“A will primarily lets you direct how your belongings—such as bank balances, property, or prized possessions—should be distributed. If you have a business or investments, your will can specify who will receive those assets and when.
A will also lets you direct assets to a charity (or charities) of your choice. Similarly, if you wish to leave assets to an institution or an organization, a will can assure that your wishes are carried out.”
invesopedia.com
To read the full article, visit investopedia.com here.