This article explores many essential reasons why you should have a will. If you have not had one created, it might be time to think about creating one. You are never too old or too young to have one drawn up. If you would like to have one created, make sure to consult an estate planning attorney to assist you. Carry on reading on below to find out everything that you need to know.
Here is some necessary information for you to have.
A will lets you decide how you would like your estate to be dealt with when you pass away. If you don’t have one in place, then your assets may go to the people you don’t want them to go to. Make sure to have one created during your lifetime. This is the only way to ensure that your loved ones are going to receive your assets when you are no longer around.
This is quite useful for you to know.
Take a look at these essential points.
- In your will, you can appoint an executor who is going to be responsible for handling your estate affairs after you pass away. This is the person who is going to be dealing with your estate affairs when you are no longer around.
- In your will, you can choose who is going to receive your property when you pass away. You can decide which of your loved ones should receive your property.
- You can also decide which person is going to care for your minor children when you are no longer around. This is vital as you can nominate a certain person to take care of them, in your will. You can make the decision regarding which person should care for your young children.
These are all crucial points for you to keep in mind.
There is only one thing left for you to do. Make sure that you speak to a reliable and trusted estate planning attorney to assist you.
DR MERVIN MESSIAS
JD (Juris Doctor) / BA, LLB (Wits) / TEP (Trust & Estate Practitioner) / MTP (Master Tax Practitioner – S.A)