You Must Make a Will - Now

There are a number of reasons why you should make a will as soon as you can.

These are:

  1. To protect your loved ones.
    Making a Will is one of the only ways to be certain that your lifetime’s work and assets, built up over the years, are passed on to the people you want. It provides security for your family and those you are responsible for. Most of your life would be spent building up your assets. These may consist of home, car, insurance policies and other investments, etc. You will want those assets to go to the people you choose, rather than to someone else.

  2. Smooth transfer of assets.
    Having a Will enables your assets to be transferred smoothly on your death. You need to prepare a detailed list of your assets, as well as your personal goals before putting your plan in place. Your ultimate plan will involve investment advice and planning, so that there is a provision for the orderly transfer of your assets.

  3. To secure your children’s future.
    If you have children (under adult age), you may wish to nominate guardians and make arrangements for their upkeep and education.

  4. For a second marriage.
    If you are currently in your second marriage, you need a Will to protect the members of your new family. A marriage generally invalidates any Will made prior to the date of marriage, so unless you have a new Will including reference to your new family, your new family may not get the protection you want.

  5. De facto relationship.
    If you die without a Will your partner could stand to lose assets and mementos that rightly belong to him/her. A de facto spouse does not have an automatic entitlement to your estate if you die without a Will. Strangely enough, a divorced former spouse can still inherit your estate because a divorce does not automatically cancel a Will.

© 2005 StartRunGrow

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