A Will is a legally-binding document that protects the interests of your family and assets after your passing and allows you to dictate the terms of your estate.
The most important reasons to have a Will are:
- You decide what happens to your estate and to whom and in which way it is distributed.
- Unless you have a Will, the care of your minor children will be left to the decision of the courts.
- Passing away without a Will leaves your estate in the hands of the probate courts, which causes additional processing delays for your family.
- Your family receives tax deductions on your estate. Anything that has been passed on to your family or to charity is tax-deductible from your estate.
- You appoint your estate executor. An executor will be responsible for concluding your affairs after your passing.
- You can decide to disinherit individuals from your estate. . A Will is the only way to ensure that your assets do not pass on against your wishes.
- Without a Will, your intentions to make a donation after passing are not legally-bound. A Will allows you to donate some or all of your assets to a beneficiary of your choice.
- Avoid legal complications for your family that may cause difficulty for your loved ones.
- A Will can be revised anytime as the circumstances in your life may deem fit.
- Writing a Will is an invaluable investment that shouldn’t wait.
How Do I Write a Will?
You may choose to receive the assistance of a professional lawyer to draft an accurate and concise Will that leaves no room for error, deliberation of your intentions, or other potential impediments.