Measurable benefits of a will:
- Cost: wills are less costly than the alternative - probate court.
- Speed: wills allow for your assets/debts to be disbursed/settled more quickly
- Property Rights: wills allow those who you select to get your stuff (killer SWAG, pun intended)
Immeasurable benefits of a will (excerpts taken from will publications):
- A will is 'doing the right thing.' (This simple phrase automatically entitles you, otherwise making you a horrible person.)
- It is a final expression of your love for family. (Why not share this love during your life?)
- You don't have to worry what is going to happen to all your possessions should something happen. (Why worry about things that will happen after your death?)
- To ensure that all of your assets and personal possessions are distributed to the people that matter. (Freeloaders!)
Here are the possibilities:
- I make a will = My family/friends can get my stuff quicker and with less hassle. Yes, that's courteous, but it's free stuff to them. They should take on this burden, since they are benefiting.
- I don't make a will = My friends/family can take it or leave it. If they feel my assets are worth the time in probate court, by all means, make a living from it. If not, "Whatever." You weren't due my assets anyways. My assets can go to the state (or wherever they end up) for all that I care - I'm DEAD.
To be continued...