“To mitigate complications and aid in the procedure of devolution of assets after death, a ‘will’ has to be well planned and drafted.”
―
A will is a person's last instructions for his property to be distributed according to his wishes plus other instructions to be carried out. The person who makes the will is a testator.
Why do you need a will?
1. Look after your assets and your family: A will will allow you to take care of your family and your assets in the future the way you want it to be.
2. It's lawful to make a will: You are exercising your right to write a will. By doing so you are able to appoint an executor of your choice to handle your affairs after death. You can also engage a guardian of your choice for your children who are still below the full legal age.
3. Fewer hassles: With a will, you can be sure that your assets will be distributed smoothly and quickly.
4. Flexibility and control: While you are alive you are in control of your assets. You can dispose of part of it or sell all of them or draw up a new will to replace the previous one. The will is only effective upon your death.
Source: http://www.allaboutlivingwithlife.blogspot.com/2007/12/money-you-and-your-will.html
Why do you need a will?
1. Look after your assets and your family: A will will allow you to take care of your family and your assets in the future the way you want it to be.
2. It's lawful to make a will: You are exercising your right to write a will. By doing so you are able to appoint an executor of your choice to handle your affairs after death. You can also engage a guardian of your choice for your children who are still below the full legal age.
3. Fewer hassles: With a will, you can be sure that your assets will be distributed smoothly and quickly.
4. Flexibility and control: While you are alive you are in control of your assets. You can dispose of part of it or sell all of them or draw up a new will to replace the previous one. The will is only effective upon your death.
Source: http://www.allaboutlivingwithlife.blogspot.com/2007/12/money-you-and-your-will.html
Posts
No comments:
Post a Comment