As children, we all believed that our lives will remain happy and safe forever. But the truth is, it’s not that simple.
As we grow up, we realize that life is never always just happy and safe. Sometimes bad things happen, and they can get even worse if we don’t prepare for them. Perhaps you already own investments and assets of your own. Maybe you’re at the pinnacle of life, simply enjoying everything and as much as you can. But like many others, there’s a possibility that you’re forgetting one vital thing as a grown-up: the importance of writing a will and keeping it safe.
Safeguards Your Assets
A will is a legal document that serves as your final word regarding all the assets that you own after your death. Having a will is important because it safeguards your assets from any possible situations that might happen when you’re gone. For example, if you own some property, you can choose the specific inheritor for it in your will. You can write in there that you want the property to be given to so and so, and nobody will be able to do anything about it, not even the state. Since a will is a legal and binding document, it’s the perfect way for you to protect all your assets and make sure they go to the correct person, even from beyond the grave.
Avoid Conflicts Within Your Inheritors
One problem that often occurs after a death, especially if it’s the head of the family, is the conflict that arises within the inheritors. Without a will, it’s up to the state to decide how to distribute your possessions, and that can cause some conflict within your circles. This makes it more important to write a will in order to avoid disputes. By writing a will listing down who gets what exactly, it makes things a lot clearer for everyone involved.
Provides Help to Your Remaining Family
A will also provide help to anyone you left behind, though not necessarily family. For example, if you have a partner and you’re not married, without a will, there’s a good chance that your partner won’t be able to legally claim your possessions after you die. With a will, however, you’re free to list them as your inheritor, and that will be upheld by the law. You can do the same for anyone who’s not your blood or by-law relative. By including them on your will, nobody can dispute their right to your possession or their inheritance.
Ensures a Future for Your Beneficiaries
If you’ve got children, pets, or anyone that you care for while you’re alive, that makes having a will even more important. Who gets to take of them if you die? Let’s say you also had life insurance, and your beneficiaries get all the money from your death. Now, if your beneficiary happens to be a minor, they wouldn’t be able to get their inheritance until they come of age. Who gets to hold all your money necessary to support them and their future? Of course, you wouldn’t want them to go to some distant relative that you’ve never even visited before, would you? If you write a will, this can be avoided, and you can ensure a safe and happy future for those you left behind.
Maybe you think you’re too young to be writing a will, but if you already have possessions of your own, a good life insurance, and beneficiaries like kids or pets, then it’s definitely not too early to have a last will & testament and to keep it safe. Remember, a will also lists down all your last words and wishes for your remaining family and loved ones, serving as a proper farewell in the case of an untimely death. Ready to write that will now?