Why should I have a Last Will?
- justispro
- Apr 28, 2016
- 1 min read
A Last Will enables you to:
Choose who will get your property after your death;
Choose how your property will be divided among your various beneficiaries;
Give specific items of property to specific people;
Appoint someone you trust to administer your estate; and
Appoint a guardian for your minor children.
If you die without a Will, your property will be distributed by a court-appointed administrator according to statutory plans for "intestate succession." Your property will be divided among your surviving spouse, children, and possibly other relatives in whatever manner the law of your jurisdiction specifies. You will not have a chance to give property to non-relatives or to exclude relatives. Additionally, if you have no relatives, your property will go to the government rather than to a friend or charity of your choice.
Recent Posts
See AllYou should review your Will from time to time to ensure that it still meets your needs and that your property will be distributed...