So most of us know what a will is: a legal document wherein you can state how you want your assets and property to be distributed and who you want your beneficiaries to be.
However, a lot of people seem to take the importance of having a will quite lightly, especially if you are married and you have children.
So it is important that you know all the basic information when it comes to having a will - and how it will affect you and your family, especially your children.
It is usually not the case that the surviving spouse will inherit all of the diseased person's property and assets; this is just a false belief of most people.
According to the law, the surviving spouse will only get about one-third to one-half of the property and the children will get the remainder.
However, it is still important to specify the distributions to your children so that they will be able to get their rightful portion of the inheritance.
If you have children but you are single, then your entire property will go directly to your children, as stated in the state law.
However, to make sure that your ex-spouse or anyone else does not try to usurp the control over the children's inheritance, then you had better name a person you trust to take charge of your children's affairs, in order for them to get their fair share of the property and estate.
However, your surviving spouse may renounce your will and instead propose that they take a specific share of property as supported by the state law.
In order for this to be avoided, you should create a will and specifically state how you want your property to be handled after your death.
It would also be better to know the state law to avoid misunderstanding and miscommunication.
If you want to protect your children's rights and if you want them to get their fair share of the inheritance, having a will is very important.