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5 Benefits Of Making A Will



 

Your family may always have a ‘right’ to your estate, BUT it takes a legal will to protect what is ‘right’!

 

Purpose Of Having A Free Printable Living Will

 

Benefits of Living Wills :-

 

Benefit #1 for Making A Will

·         You can specify who your beneficiaries are

·         You can specify the assets to transfer

·         Rather than letting the courts decide!

 

Benefit #2 for Making A Will

·         You can safeguard the interests of your loved ones by appointing people of your choice, a estate executor or a will lawyer, to administer your estate and to carry out your wishes.

·         Remember: your legacy stays longer after your death, and it should be managed according to your wishes by a will lawyer.

 

Avoid family squabbles over your estate.

 

Benefit #3 for Making A Will

·         You can Appoint guardians of your choice for your minor children.

·         You can ensure that their support, health and education will be taken care of.

·         Without a Living Will, a stranger could be looking after your children’s welfare!

 

Benefit #4 for Making A Will

·         You save time: Your beneficiaries can get a Grant of Probate to administer your estate in just 3 months by the help of a Will Lawyer.

·         It’s 12 over months if you do not have a Legal Will ***.

·         You save on legal fees: It’s a lot cheaper to get a Grant of Probate compared with a Letter of Administration.

 

Why burden your family ever more?

 

The Importance of Leaving A Living Will ........

 

To Avoid ESTATE SHRINKAGE!

 

Death without Living Wills ……

·         High administration fees

·         Complicated legal process

·         Delayed settlement & distribution

·         Properties not properly account for

 

Benefit #5 for Making A Will

·         You need not obtain any sureties to receive the grant of probate.

·         Without a Legal Will, two sureties are required to provide security for the due administration of the estate.

·         If the gross estate is worth $5m, the security amount is $5m.

·         The surety is equivalent to the gross estate.