A lot of people put off writing their Will because they think it’s costly or hard, that it is needless as their belongings will automatically be distributed to their spouse or children, or simply to not think about their own demise.
Writing a Will is extremely important for every adult no matter their wealth, marital status, or how old they are.
Will Benefits Include:
- Guarantees that your belongings will be distributed as you want.
If you don’t have a will and die, the law determines how your estate will be divided. Even though some belongings will automatically be transferred to a spouse or children, the precise division will depend on property values and title deeds conditions. A Will is the only way to guarantee that your wants will be executed.
- Appoint and overview powers of a Trustee and/ or Executor.
Creating a Will enables you to choose who will monitor and manage the distribution of the estate. Appointing a responsible and unbiased Executor gives peace-of-mind that the conditions of your Will will be fulfilled.
- Designate a guardian for a minor child(ren).
Your Will serves as a legal guiding document for minor child(ren) care in the instance of the passing of both parents.
- Declare funeral wishes.
Declaring your funeral wishes in your Will lessens stress for your loved ones and guarantees your body will be cared for in the way you desire (for instance cremation or burial).
- Accelerate the legal process.
It is usually faster and costs less to settle an estate with a legal Will. Decreasing legal fees safeguards your property’s value and savings to be transferred to beneficiaries.
- Decrease stress and heartache for your loved ones.
A Will that clearly summarizes your desires for funeral arrangements and property division will decrease confusion and family disputes throughout a stressful and emotionally tough time.
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