What is Will Writing ?
Testament or will is a legal document through which the person expresses the testator of a person to manage the estate till the final delivery, how his property is distributed on death, and one or more persons, the executor names. For the surrender of property not disposed of by testament, see legacy and integrity.
The will is limited to the real property, while the will only applies to the nature of the individual property, the word will apply to both personal and real property, a will can also be made to inherit the trust that the will is effective only after death.
Benefits of Will Writing
- Many people have stopped writing for Will because they believe it will be expensive or difficult because their property will automatically pass their wives or children, or simply avoid thinking about their own death.Will writing is critically important for all adults regardless of wealth, marital status, or age but will allows you to:1) Make sure your assets will be shared according to your wishes.If you die without a will, the law determines how your estate will be delivered, although some property will automatically pass on to the wife or children, the specific distribution is based on the value of the property and the terms of the title deeds. The only way to ensure that your desires will be carried out is that.
2) Appoint and outline the powers of an executor and or trustee.
You can decide who will take over and manage your estate, defining a credible and impartial executive gives peace of mind that your Will’s conditions will be honored.
3) Appointing a guardian for small children.
In the case of a parent’s death, your will acts as a legal mentor document for the care of small children.
4) Proceed to the legal process
It is usually faster and less costly to settle the estate with a valid Will, reducing legal fees will save the cost of your property and saving savings for the beneficiaries.