Heart disease declining as cause of death in US: Former Cleveland Clinic CEO
Former Cleveland Clinic CEO Dr. Toby Cosgrove discusses the push for lowering drug prices, handling heart disease in the U.S. and innovation in health care today.
Having endured the passing of both of my parents and having created a legacy and wishes planning product, one question that I get asked frequently is, “Do I need a will?” If you are over the age of 30, married or in a long-term partnership or if you have children, the answer is an emphatic, “Yes.”
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A will is a formal, legal document that puts forth your wishes on how you want your assets divided and other wishes carried out after you pass.
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Whether you have a large estate or just some sentimental items, having a will is incredibly important. As Kelly Dancy, an attorney at Walny Legal Group says, “A will…can clearly lay out one's wishes about how assets should be transferred upon their death. By clearly communicating this before one passes, it limits any confusion about the decedent's intentions, reduces the likelihood of fighting among heirs and provides for a more efficient administration. It is more cost-effective to plan now rather than have the family figure it out after one's death. I have seen families torn apart over their parent's failure to plan.”