Why Is It Important to Write a Will?

a bronze statue of Lady Justice holding a balance

Disclaimer: This blog is only intended for educational purposes and shouldn’t be used as a substitute for legal advice.

Writing a will allows you to determine what will happen with your assets and properties after your demise. This legal document informs your beneficiaries on how the wealth will be distributed and to whom it will be distributed.

However, many people forgo writing a will, thinking of it as an additional chore. However, it is the only legal way to ensure that your wealth is received by your loved ones in a way you prefer.

Here are some of the vital reasons why you must consider drafting your will.

A will helps protect the family

It’s essential to ensure that your hard-earned wealth, assets, holdings, and other belongings are distributed among the people you trust and care about. A will offers transparency on how much wealth you have accumulated and in what manner it will be divided among the beneficiaries.

a person writing in a notebookIn some cases, you can also assign benefits to underage children. The parent must choose a guardian who will ensure that the benefits of the will would be provided to the minor once they reach the legal age.

It helps you avoid family disputes

It’s not uncommon to fight over the distribution of assets and properties after a person’s demise. When there’s no legal document that determines the allocation of wealth among the family members, it can be very challenging to fairly distribute the benefits among the beneficiaries.

Drafting a will helps avoid such disputes that may occur after a person’s demise.

It saves your money and time

All of the holdings should be present in the probate court before the legal processes can begin. When there’s no will, the processes can get confusing. The probate court will have to assign a personal representative to manage and administer the legal process which can be expensive, time-consuming, and may sometimes lead to family disputes.

When there’s a will, all processes are streamlined, and things move smoothly.

Hiring A Wills and Probate Lawyer

Your assets won’t be distributed how you want if you neglect to hire the right lawyer. Make sure everything is taken care of correctly by employing a skilled lawyer from Nanda & Associate Lawyers’ legal team. We have years of experience and can prevent legal snags by assisting you with the whole procedure of drafting and executing a will.

Contact us today and speak to one of our experienced legal consultants. We also provide immigration law services, including open work permits and immigration appeals.

 

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