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Have You Written Your Will?

What is a will?

A will is a para-legal document that any adult person considered to be sound mind and memory should have. Writing a will expresses your decision on what happens to your property and possessions after your death. If you die without a will, your assets may be distributed according to the law rather than your wishes. A will clearly reflect your wishes after your death and is legally binding....

Why is making a will important today?

The changing face of society means that more people than ever before would benefit from having a will. Today’s family structures are more complicated that the laws of inheritance that were written in the 20th Century are not consistent. For instance, there are more unmarried couples and single households, more people live across borders, personal wealth is rising rapidly and people now own a wide range of assets.

Making a will offers us peace of mind that our possessions and children will be distributed according to our wishes when we die. However, the consequences of dying without a will (intestacy) fall hardest on those left behind to pick up the pieces.

Dealing with an estate or property or asset in the absence of a will can be a time-consuming, expensive and stressful process that can cause irreparable damages to relationships leading to psychological and physical injuries, loss of source of income, loss of family property. Such problems have hit hardest on the children, the young people and the women.

Dealing with intestacy has proven to be a problematic experience for many people at a time when they are feeling most vulnerable. Apart from the unwanted hassle and expense, it often puts personal relationships under strain or, worse, leads to the estate or family property going to the wrong people.

 

 

Many of these changes in society are relatively recent and they are likely to have a significant impact, with greater numbers of people falling through the safety net provided by the intestacy system. It is important to act now to prevent these serious problems becoming common place in future

Did You Know that......

Writing a will depends on a person’s life circumstances. People who live through different socio-economic and cultural histories make different choices about writing of wills. The willingness to write a will depend on personal experiences of, say, life event triggers. These experience-based changes in life could in turn influence the dynamics of will writing behaviors. In other words, changes in consumer sentiment due to experience may represent a factor in will writing behaviour and if such experience can be used as indicator in the will writing service market

Writing a will is NOT about YOU, But its about the people You CARE for....

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