Why This Document is Important
Although this document is critical to your assets’ smooth and harmonious transition from your name to your chosen inheritors, it’s not legally mandatory. Thus, you can choose to write one or leave it. However, failing to draft an Ohio last will and testament means that you lose your exclusive and deserved right to determine your assets’ inheritors. It denies you the final say over what you labored for all the years you lived.
Instead, your passiveness hands the final say to the government, the last institution you would trust with your children’s inheritance. The state automatically assumes the final role of allocating your wealth to your closest family survivors. Unfortunately, it allocates your estate based on standard formulas that don’t reflect your will and wishes. Moreover, its distribution doesn’t serve your family’s best interests.
Remember, your estate is your labor and not a gift from the state. Thus, you are the best person to determine who should benefit and in which proportion.
Another problem with allowing the state to distribute your estate is that it limits your estate’s beneficiaries to your family members because it follows the law. However, if you were to allocate your assets, you would still use your heart and engage generosity to include other beneficiaries. For instance, you would donate some or all of your assets to charity and the needy in society. Unfortunately, the state doesn’t understand or distribute assets based on heart matters like generosity.
Do you want to stamp your authority over what you labored for or want someone else to do it for you? If you don’t want to lose your final say over your wealth, download our free template and fill it out to write your last will today! Remember, you never know when your last day on earth will be.