@ClementsMoney Saturday Critical Action – Get a Will
Welcome to the Saturday Critical Action. Each Saturday we take a weekly action from Jonathan Clements‘ blog Humble Dollar and “militarize” it for you. Jonathan Clements was a longtime personal finance columnist for The Wall Street Journal, and he offers great advice at the best price you can get…free. Here is this week’s critical action:
GET A WILL. Less than half of U.S. adults have a will. Without one, many of your assets will be distributed according to state law, plus you won’t have a say in who becomes your children’s guardian. Some folks don’t bother with a will, because they have a revocable living trust. But when you die, there’ll inevitably be assets outside the trust—and, for them, you need a will.
There is no excuse for someone in the military – you need a will. You likely deploy, you are probably at higher risk of dying as a result, and you can get one for free at your local legal services office. You can find it on this website. There’s also an article on Military OneSource that explains the details about why you need a will.