No one wants to talk about it. It is the 900 lb. gorilla in the room. Chris Kyle thought that after all he’d been through, he had years before he needed to have the conversation.
Should the disposition of your assets be a concern? “No way. I won’t be here, so what do I care?”
You should care. Do you have specific wishes that you want followed? Do you want to make sure that your family properly disburses your funds, your stuff? Do you think they won’t fight over it? Or that instead of your millions of dollars in insurance money going to your favorite animal shelter, it goes to your nephew who is building his video game empire or online gambling habits?
Wills are an important way to convey those wishes in a legally-binding manner. It lays out the specifics and gives your family direction on your wishes. Planning ahead can prevent a lot of family fights.
There are a lot of examples of what happens when you don’t take the time and do some estate planning with your financial advisers, attorney or insurance team. Let’s talk about Chris Kyle.