The Importance of Your Will - Estate and Asset Distribution
This simple document can make a world of difference to those you leave behind in the event of your death. A will is essentially your last voice and ensures not only that your assets will be distributed according to your wishes, but also that loved ones know how to move forward in a time of grief. It is much easier for family members to cope with the event of your passing when they read, in your words, the instructions of what you want to be done. Because the details are already taken care of in your will, loved ones can focus on the important matters of grieving and honouring your life.
In the (unfortunately common) event of family conflict or greed, a carefully written will is crucial because it legally binds your wishes.
Without a will, your estate goes to ‘probate’ and the courts may freeze your bank accounts. This scenario could leave your family with no money to live on, or even to cover the costs of your funeral. Also, once in probate, costly lawyers and accountants will eat away at the estate as it is distributed.
