Why You Should Consider Making a Will

Many people think of a making a will and Testament as something that they don't need to think about until they are old. However, there are many reasons why you should make your Will now.

When we are young and healthy, the last thing on our mind is death. We are simply content to enjoy our lives in the moment, and the thought of writing a will seems sad and depressing. However, it is actually important to make sure that you write a will as soon as possible.

What is a Will?

A Will is a legal declaration of who you want to inherit your estate when you die and who you want to administer the process of distributing your assets

Making a Last Will and Testament now will not bring about your death any sooner, but it will make you prepared for what will happen when that day comes. You might live for several more decades, but it is impossible to predict the future so why not have the peace of mind of knowing that you are prepared for any unexpected circumstance?

Passing On Your Estate To Your Loved Ones

If you were to die without a Will, you will be considered "intestate" and the government will decide how to handle your estate. If you make your Will now, you will not have to worry about it in the future, and you will know that upon your death your assets will go to who you choose and not to the government. If you are like most people, you will have worked hard to acquire your assets and worldly possessions, and would like to ensure that they remain in your family or are entrusted to friends who you trust.

Also, writing a Will makes it much easier for your loved ones when they are sorting out your affairs. The clearer your requests are the less confusion and anxiety they will have to experience, which will be appreciated at a time when they are grieving you.

Protecting Your Children's Future

Another important purpose of writing a Will is to appoint guardians for your children. If you have children under the age of 18, you can appoint a legal guardian who you wish them to live with if you die. Without making your intentions known, your children could end up in foster care or with a guardian who you wouldn't have chosen yourself, and so this is an important decision for your child's future.

Other Arrangements

If you are in a civil partnership, or live with a long term partner but are not married, your partner could receive nothing in the event of your death. If you wish them to share in your estate, you will need to specify so in your Will.

Even if you are a single person with no children, it is still a good idea to make a Will. Instead of your money going to the government, you could specify to give it to your favourite charity.

No one can predict what the future holds, so it is better to be prepared for anything and to make your will now.

Elena has written various articles for Access Legal and is a contributor to the blog Dreamers. You can read Access Legal's free guide to making a will for more information

Source: http://ezinearticles.com/6353538

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