Benefits of Creating a Will

by | Jun 2, 2015 | Lawyer And Law Firm

Creating a will is a smart move for any adult. However, there are few who like to think about this or the process it takes to get it done. Putting it off, though, could leave your estate in the hands of the courts if you fail to create one before your passing. Some of the other benefits offered by Wills in Caversham and having one for your estate are highlighted here.

Ability to Choose Your Heirs

In order to be sure that the decision you have made for your estate is actually what happens after you pass, you need to utilise the formal will, which stipulates the way your property is distributed and who will receive it. This will also eliminate the possibility of a long and costly probate procedure.

Naming Guardians

When you create a will, if you have children who are under the age of 18 you will be able to name who is able to become their legal guardian. Without this document, your children may wind up in the custody of the state.

Putting Your Money in a Trust

If you do pass while you still have children who are under the age of 18, then the money that is in your estate will be placed in a well-managed trust, and given to your children at the appropriate time.

Considerations Related to Probate

In order to avoid the need for any type of court intervention in regard to the distribution of your property, a will is necessary. This authorises and names a certain executor, allowing your family to avoid the extra cost and delay in having everything handled that probate can cause. Visit website for more information.

Preparation for Disability

If your health begins to deteriorate and results in either physical or mental incapacity, the will that you have created will designate executors for managing any and all of your financial affairs that you are no longer able to handle on your own.

When it comes to making a will, it may be a topic that you don’t want to think about or have to deal with; however, it is an essential document that can ensure when you pass your wishes are upheld. It will also ensure that your family does not have to wait trough the expensive and time consuming probate process in order to acquire their inheritance. Creating a will now is the responsible thing for any adult to do.

Harrison’s Solicitors will provide you with expert legal services, specialising in drafting wills in the Caversham area.

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