What Is A Will?
A Will is probably the best understood aspect of estate planning; but not all Wills are created equal.
In full, your Will is your Last Will and Testament. Your Will is literally your intentions, desires, or wishes. A testament is something that serves as evidence of a specified fact. Last is significant in that your most recent Will supersedes and nullifies all earlier Wills. Your Will, simply put, is the evidence of your most recent wishes.
Writing your own Will is possible, but it is not necessarily as straightforward as it may seem. It can be a challenging task to undertake without professional help and guidance.
Where family dynamics are complex—divorce, remarriage, step-children, antipathy within the family dynamic—it can be easy to make mistakes in your Will that may result in your estate not being distributed according to your wishes.
Drawing up a Will can also be emotionally trying, as it requires confronting possibly unpleasant circumstances, circumstances you may not have even thought to consider unless prompted. For instance, were something fatal to happen to both parents of a young family simultaneously, what would happen to the children? A Will, properly written, would ensure such a situation was taken care of.
That’s why it is essential to make sure that your Will is written correctly and that it provides a true reflection of your wishes. A simple error could potentially cause devastating consequences to your loved ones after you have passed away.
And don’t forget that situations change; and that a Will that was correct for your circumstances some years ago may no longer reflect your wishes now.
If you have no Will, now would be the time to have one written to ensure that your loved ones are taken care of.
And if you already have a Will, are you sure that it is written so that your wishes will be carried out? Our free Will review service can help bring you peace of mind.
Don’t leave your loved ones’ inheritance to chance: contact us now for professional advice and guidance regarding your Last Will and Testament.
