Is A Will The Right Way?
A will can designate guardians for minor children, instruct how your assets (house, life insurance policies, retirement accounts, investments, cryptocurrency, bank accounts, car, pets, etc.), will be distributed, and keep your family out of conflict after your death. A will is a good estate planning tool, but like trusts, whether a will is the best estate planning tool for your family depends on your unique situation. Here are some advantages and disadvantages you can consider when deciding whether a will is right for you.