Death is the ultimate truth of life and no one can escape it. As such, it makes sense to arrange your affairs for your post-death scenario. Making a Will enables you to do that in an effective manner. A Will is an opportunity to ensure that your property and assets will be dealt with as per your wish even when you are no longer on this earth. In the absence of a valid Will, the law will dictate the distribution of your property and assets according to the Intestacy Rules. But there is more than one advantage of making a Will. Let us take a look at the 5 key benefits of making a Will.
Ensuring financial security for your dear ones
A Will gives you the chance to make sure that your loved ones are provided for when you are no longer there for them. It is a relief not just for you but for your dear ones as well to know that proper steps have been adopted to provide financial security to them when required. A valid Will is specifically important for couples who are not married. Since such relationships are not recognised by the rules of Intestacy, the surviving partner may have to face financial crisis or hardship if no Will is made.
Gifting money or possessions after your death
Once you are gone from this earth, your prized possessions will be left behind. You can decide beforehand if you want a particular family member or a friend to own your favourite family heirloom or an artefact of high sentimental value. By providing instructions in your Will, you will be able to gift your possessions and even money to the people of your choice after your death.
Protecting the interests of your children
If your child or children are minors, you would definitely want them to receive appropriate care in case of your death. You can make arrangements for the same through your Will. In other words, you can ensure that a guardian is appointed for your children and their inheritance is looked after till they turn 18 years of age. All you need to do is contact an efficient estate planning service provider and have a will in place. Reaching out to Brighton Wills & Family Trusts can help you know what steps to take in setting up a will or a trust.
Avoiding disputes related to inheritance
Inheritance disputes among heirs are becoming a common matter these days. If you want to avoid any unpleasant dispute related to your properties and assets after your death, making a Will is a convenient way out. By providing for your dependants in a proper manner through your Will, you can reduce the chances of such disputes.
Laying down wishes for your funeral
You may want to go on your last journey in a particular manner. A Will offers you the opportunity to leave behind message and instructions regarding your funeral wishes. If there is any special wish you have about how you want to be given a final send-off from the earth, you can specify it in your Will. You can even mark out the location where you would like to be buried.