We all own something, be it property, car, whatever and we all want to care for our loved ones after our death. Making a will gives legal status as to what you intend to do with you assets or possessions. A will can be straightforward, but more often than not, it can be more complicated than you realise.
When someone passes away our probate team can guide you through the administration of the deceased’s estate, at a reasonable cost, so that this legal process of settlement does not make an already difficult situation even more difficult.
Who Can Make a Will.
Basically anyone can make a Will who has attained the age of 18 or is or has been married and is of sound disposing mind
Why Should You Make a Will.
It is important that you make a Will since you place yourself in a position to provide for the distribution of your property by means of a clear Legal Document which will only take effect when you die. It allows an Individual to provide for the special needs of family members and furthermore it can also be used with proper advice as a Tax planning opportunity.
If you do not make a Will you lose your chance to appoint an Executor to handle your affairs and furthermore your Estate will be divided in accordance with the Law of the land and not necessarily in the manner which you might have desired.
Should I obtain legal advice before making a Will?
The short answer to this question is yes. Your Will may be the most important Document you ever have to sign. It is essential that you be properly advised and that you execute this Legal Document in the proper format. The Laws governing the format of Wills are very strict and even a minor divergence from the Legal requirements can result in your Will being held to be invalid.
You will then have lost your one and only chance to leave your property in the manner you desire and the last person on earth you would like to benefit could end up getting a substantial proportion of your assets. This would not be a very happy scenario if it meant that the person you really loved got nothing.
What If I Don’t Make a Will?
If you don't make a Will then the Estate will normally be administered by your closest Relative and your property will be distributed in accordance with the Law of the land. Again the last person on earth you would like to benefit could end up getting a substantial proportion of your assets.
Is Making a Will Expensive?
The answer to this question is also no.
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