Wills

While the importance of having a will is widely recognized, approximately 70% of individuals do not have one. However, creating a will is a straightforward and cost-effective process that offers invaluable benefits:

Ensure Your Wishes Are Honoured: A will allows you to specify how your assets are distributed, providing peace of mind that your hard-earned money and property will be distributed according to your desires.

Designate Guardians for Your Children: If you have children, a will enables you to designate a guardian, ensuring that the decision of who will care for them in your absence remains within your control rather than left to the courts.

Simple Requirements for Validity: Making a will is easy and requires you to be at least 18 years old and of sound mind when it is written. To be legally valid, a will must expressly state that it is your will, be computer-generated or typewritten, signed and dated, and signed by 2-3 witnesses who do not stand to inherit anything in the will.

Consider Legal Assistance: While it is not mandatory to have a lawyer to complete a will, seeking legal guidance can help avoid potential legal issues in the future. Many law firms offer will storage services, ensuring your will remains secure and accessible when needed.

Secure Storage: It's essential to keep your will in a safe and secure location outside of your home. While some individuals opt for safety deposit boxes at banks, it's recommended to inform the executor of your will of its location for accessibility.

By taking the simple step of creating a will, you can protect your assets, provide for your loved ones, and ensure your wishes are respected, offering invaluable peace of mind for you and your family.