A will, also known as a last will and testament, is a legally enforceable declaration of how a person wants their property and assets distributed after death. Beyond asset distribution, a will can serve other purposes, such as recommending a guardian to care for surviving minor children or stating preferences for funeral arrangements.
Making a will is important because it’s the only way to makesure your estate goes to the people and causes you want it to.If you die without making a will, your estate might bedistributed in a way that you wouldn’t want.Your estate is everything you own – including yourmoney, property, possessions and investments.
Other reasons why making a will is important,
both for you and for your loved ones:
• Your will can reassure your loved ones that they’re respecting
your wishes after your die.
• A properly written will can help avoid disputes. Badly drafted
or outdated wills can lead to disagreements – and these
disagreements might need to be resolved by a solicitor. Your
will should remove any doubt about who you want to benefit
from your estate, which can help avoid stress for family
and friends.
• Wills protect the assets that make up your estate for future
generations. A well-structured will can ensure that assets are
kept within the family and passed on.
• You can also use your will to record your funeral preferences.
It might not be nice to think about, but arranging a funeral
can be tricky – and knowing exactly how you’d like things
done can really help your loved ones when the time comes.
Feel free to reach out to us with any questions, inquiries, or feedback. We’re here to assist you!
