Friday, March 13, 2009

Making a Will - Don't Put it Off!

What is a Will? Essentially a Will is a legal document that specifies how you wants your assets i.e. property, money, personal affects divided and distributed to loved ones in the event of your death. Most people won't be thinking about their death. But once in a blue moon, we somehow worry about the consequences of our premature death.
You might think that there is not much to leave in your Will but the things that you can leave in your Will make for a long list. They include your home, your furniture, your personal belongings, your keepsakes, your family heirlooms, your clothes, your cheque account, etc. If you took a few minutes to look around, you'd probably be surprised by how much you do have to leave.
One thing to remember when making Wills is that you can also leave a legacy will that will help Cancer Research or similar Charities, like the British Heart Foundation.
This can help them with important research work that will help future generations, and this can be a consolation to your family during their loss. It can also be a comfort you knowing that you have left something of true value to the world.
One important factor when making Wills is to keep an eye on who is going to administer your Will. Is there any change of your guardian status? Is there any change of your executor status? Did they migrate, pass away, suffer a relationship breakdown, incapacity, or bankruptcy? Also, make sure that your Will is kept in a very safe place for your lifetime and that people can access it quickly and easily when the time comes, without having to ask you where it is.
One of the biggest of those reasons is that they don't like to think about their own death or they superstitiously believe that creating this important document will somehow expedite their demise - but it will not! So go and get that Will made as soon as possible!

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