#will preparation

Learn more about preparation of Will

Life is uncertain. Therefore, it's crucial to ensure we do our part to ensure that no matter what happens, our family and loved ones are always taken care of, even in our absence. Will preparation is a necessary step in this direction. Preparing a will in advance will make sure that your assets, wishes and loved ones are taken care of after your death.

What is a Will:

A will is a legal document that outlines how your property will be distributed, names guardians for any minor children, and can even specify funeral arrangements. Without a will, decisions about your estate are made by the state, which may not reflect your intentions or the needs of your family.

Why to Prepare a Will in Advance:

A well created and documented will provides clarity on estate and asset distribution

2. It reduces the risk of disputes among family members

3. Offers support in a time of grief by offering certainty about inheritance

4. Ensures financial security of your dependents

5. Appoints a trusted executor to manage your estate and carry out your instructions

6. Helps avoid stress, confusion and property settlement related legal challenges

7. Gives you peace of mind and ensures that your affairs are in order no matter what happens

Isn’t this our common reply when someone asks us about our “Will”? Do we always talk about age , being a millionaire when we nominate, buy insurance, wear helmet or check if car has airbag?

Let’s think about nomination. Why do we nominate even when we are in our 20s-40s and hopefully quite fit?

What about insurance? Why do we take our first life insurance when we are in the prime of our lives? And that too of large insured sums.

Not because we think we're going to fall severely sick or take an untimely exit but just to secure the future for us and our loved ones, isn’t it?

Looks hard and rude, but the only thing certain and will 100% occur is Death. Don’t even know when it will occur. I can be the safest driver on road , the guy coming from the opposite side may not be! Accidents, stress, heart ailments in young people, new diseases- you suddenly never know what will happen next. Who thought of a virus creating so much havoc and grief across the world. Can’t escape it, but can secure the future of our loved ones.

Also , with Lakhs of pending cases of Property disputes and most of them around inheritance are telling us that it’s high time we start thinking about ‘Will’ more like a security cover for our kin rather than blowing it off by saying ‘I don’t have that kind of wealth to make a will for.’ I’m sure those lakhs of people whose living generations are fighting for their rights would have not thought of the situation they are put in just because of the unavailability of proper documentation.

And yes, I need to give special credits to our entertainment industry for scaring off people for creating their will by showing once the Will is made, you remain of no value for your kin. C’mon, don’t tell me that this thought never occurred to you whenever you have been advised to make a Will.

But today take a pause and think, do we really think so less of our own upbringing? And that the next generation is going to weigh you or value you just because you have some assets on your name? Chalo let’s believe it as true for a moment, but who says you have to make a Will with an announcement telling everyone around and by calling lawyers and legal officials at home with all the taamjham.

As we read in our last article, ‘Will’ is a document created by a sound mind person in the presence of 2 witnesses is considered as a law abiding will. Do read that blog to understand how easy it is make a legally valid Will from the comfort and privacy of your home / office. 18 and above , have any asset - vehicle , house, bank balance, fixed deposit, expensive mobiles , etc - You should make a Will.

It’s an unavoidable fact of life . . .every one of us will die. And when we do, we’ve got an obligation to our family and friends to make clear how we want our assets distributed. Making these wishes clear is a very simple and frankly inexpensive matter. All it takes is simple estate planning; drafting wills, trusts and taking other actions on bank, retirement and stock accounts. Every client is different and the estate planning process is custom tailored to each client. Weidner Law charges very reasonable fees to fulfill every client’s estate planning needs.

Visit WeidnerLaw.com for more information.