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5 REASONS TO HAVE A WILL FLASH BACK

TRIVIA
them, indicates Snyder Law. A will
allows people to choose a trusted By Mick Harper
individual who shares their values,
ensuring children are cared for by Questions:
someone who parents and children
know and trust. 1. Name the artist that released “If
I Could Turn Back Time.”
2. Which group started out as the
3. Streamline the probate process: American Breed?
All estates must go through probate 3. Who wrote and released “Puff,
It is easy to put off estate planning in the United States. Investopedia
for another day. But having a says probate is the court-supervised The Magic Dragon”?
legally binding will drawn up is one 4. “Up, Up and Away” was used
of the most important financial process of distributing assets. Dying for which company’s television
and personal decisions a person without a will complicates and commercial?
can make. A will is not merely a prolongs this process, requiring the 5. Name the song that contains
document for the wealthy who have court to appoint an administrator this lyric: “Time, time, time, see
significant portfolios and real estate and trace legal heirs. A valid will what’s become of me, While I
holdings. A will is a vital tool that accelerates probate, minimizes legal looked around for my possibili-
honors a person’s wishes, protects fees, and allows beneficiaries to ties.”
their assets and spares their loved access their inheritance much faster. Answers:
ones unnecessary hardships during a
time of profound grief. 4. Designate an executor: An 1. Cher, in 1989. The video for the
executor manages the decedent’s song was recorded on the USS
Here are the five reasons why estate - paying off final debts, closing Missouri. The Navy had expected
drawing up a will is important. accounts, and distributing assets Cher to perform wearing a

according to instructions, indicates jumpsuit, as that was what had
1. Control asset distribution: been presented to them. Instead,
Without a will, a person will die TIAA. By drawing up a will, one can she came out in a fishnet outfit.
intestate. According to MetLife, state select a reliable, highly capable 2. Rufus. They’ve also been known
intestacy laws dictate who inherits individual to handle these complex as Smoke, Ask Rufus and Rufus
a person’s property, regardless of duties, rather than leaving them to with Chaka Khan.
the decedent’s actual relationships the court. 3. Peter Yarrow, of Peter, Paul and
or verbal promises. A will gives an Mary. He based it on a 1959
individual sole authority to decide 5. Minimize estate taxes: A will can poem by a college student,
exactly who receives their real be structured to reduce the tax LEOnard Lipton. When the song
estate, savings, family heirlooms, burden on heirs, says Empower. received royalties, Yarrow made
and investments, preventing Through strategic asset distribution, sure Lipton got half of them,
potential disputes among surviving establishing trusts or making which he did until Lipton’s death
relatives. charitable bequests, a person can in 2022.

shield a larger portion of their estate 4. Trans World Airlines (TWA), in
2. Appoint a guardian for minor 1968, with slightly changed lyrics.
children: For parents, this is often from inheritance or estate taxes. 5. “A Hazy Shade of Winter,” by
the most critical function of a Simon and Garfunkel, in 1966.
will. If both parents pass away Taking the time to draw up a will is In 1987, the Bangles released
unexpectedly without naming a legal a final act of care and responsibility a cover that was used in the
guardian for their minor children, that protects one’s legacy and soundtrack of “Less Than Zero.”
a court will decide who raises provides peace of mind for family.