If you execute a will during your lifetime, you exercise control over what happens to your property — including your business — after your death. If you don't do this, the state in which you live in effect will write one for you . Unless you have no interest at all about what will happen to your property after your death, this is something that should be avoided.
When you have a will, you can control:
- Who will get your property
- What property to give
- How much to give
- How you can restrict the bequest if you wish to do so.
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