Attorney explains why having a will is important for families

Aaron Miller discusses the importance of estate planning, emphasizing that without a will, the state decides asset distribution. Nate Olanson, a managing shareholder, highlights the need for a will to avoid confusion and ensure assets are divided as intended. A will can be as simple as a handwritten document, but legal advice is recommended. Free Will, an online tool, offers a cost-effective way to create a will. Despite its simplicity, many Americans lack a will, which can lead to complications. Planning ahead, even with minimal assets, is crucial for managing belongings, pets, and digital assets.

What is the main reason Aaron Miller emphasizes the need for a will?

• To ensure the state decides asset distribution

• To increase personal wealth

• To make life easier for those left behind

• To avoid paying taxes

What is a potential issue with writing your own will without legal assistance?

• It requires a lawyer's signature

• It may not be legally binding

• It could be too expensive

• It might not reflect your true intentions

What is the purpose of the Free Will online tool?

• To offer legal advice

• To provide a template for creating a will

• To replace lawyers in estate planning

• To manage financial investments

According to Chuck Board, what percentage of Americans do not have a will?

• 50-60%

• 30-40%

• 70-80%

• 10-20%

What is one of the non-monetary aspects that should be considered in estate planning?

• Digital assets

• Investment portfolios

• Real estate properties

• Stock options