A Will is a legal document that expresses your wishes for the distribution of your assets after your death. A Will allows you to appoint an Executor, who will be the person responsible for making sure your wishes are met. A Will can also be used to appoint a guardian to care for your children after your demise. Apart from these clear advantages, a Will can also save your estate the expense and could avoid the potential disputes that may arise when a person dies without a Will.
Everyone should have a Will, no matter how nominal or large their asset pool might be. If you don’t have a Will, your assets will be distributed according to the intestacy rules contained within the relevant legislation. The intestacy rules apply to each individual and they do not take into account your personal circumstances or wishes. This could potentially cause unnecessary hardship, delays and costs to the loved family members you leave behind.
A professionally drafted Will to meet your specific wishes is vital in ensuring an efficient distribution of your assets on your death.
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