Getting a Will written is arguably
the best gift you can give your family after your lifetime. Whenever we
think of a Will, we face the natural fear of our mortality, so we do our best
to avoid thinking about it. Unfortunately, so many clients do not have a
Will.
We want our loved ones to be cared
for after our lifetime, and isn’t that why we have insurance policies? A
Will is equally, if not more important, to ease their pain and suffering after
we are gone. But if you are still looking for reasons to be convinced,
here are a few:
· You get to decide how you distribute your assets. You get to leave out people you don’t want to enjoy your assets. The last thing you want is for your assets to fall into the wrong hands after your lifetime.
· A Will is a binding document wherein you choose who should inherit your assets. When a person dies intestate (without a will), you have no control over who inherits. The Intestate Succession Act prescribes the order of inheritance. Without a will, your assets will go to all your intestate heirs, not only those you want to benefit.
· You get to choose the guardian of your minor children if you and your spouse die together. A Will makes you take an informed decision as to who looks after your minor children in case of an untimely death. Without a Will, the courts will have to interfere in appointing a minor guardian, and you may not have a say in who takes care of your children, or for that matter, who will look after your property until your children become majors.
·
You can donate your
assets to charity.
·
You can amend your
Will as many times as circumstances change.
