There are 31 articles on this title. You are reading the article ranked and rated #1 by Helium's members.
The question of why an individual should make a Will has been asked time and time again, though to address the issue, let's take a look at who should make a will and why. It really isn't a question of age as much as people think it is, because even those young people starting families, and whose thoughts on death are distant have a responsibility to those around them to protect their interests in the event of the unforeseen happening.
Explaining the function of a Will
When you die, as we all will, it's too late to come back and sort things out. None of us knows when that will happen, though the preparation of a Will isn't morbid at any age. It is part of the necessary planning of your life and what you wish to happen to all those possessions should you die. The impact that the Will makes on those left behind leaves no room for questions and doubts in the minds of those you love about what you intended, though the lack of a Will often breaks families apart, and creates rifts that need not otherwise be there.
The elements that come into play when making a Will cover the disposal of these items:
*Money
*Personal belongings
*Property
On the money front, think about your savings and who you would wish them to go to. Here, putting aside an amount for the kids or giving to charities of your choice, you are given a wonderful opportunity to give what remains of your wealth to someone you love, or something you feel passionately about. Look at all case scenarios, and try and work out the best benefit for all those you love. Who would be the most responsible ? Who would use that money wisely ? Who would it benefit ? Money in cold hard cash form after someone has died can cause so many disagreements, though if thought out and discussed, can help those that you leave behind to get on with their lives in the knowledge that you cared enough to make provisions for the family to continue without you.
There will always be funeral costs to bear, and these will be taken from your estate as well as legal costs, before division of what is left. Here, taking out an insurance to cover funeral costs can also work well in conjunction with a Will, since this gives you the opportunity to make choices for your own funeral, and save those you love from hard decisions.
Personal belongings are a precious thing to you, and there may be items of little significance to others that are important to you. By putting these particular items into a Will you can leave them to people that you know will appreciate
Below are the top articles rated and ranked by Helium members on:
The question of why an individual should make a Will has been asked time and time again, though to address the issue, let's
by Karon Brandt
Eventually, we all die. A will is a legal document that specifies what should happen to your body and your earthly possessions
by Paul Lines
Many people shy away from making a will as if the act itself is tempting fate. But there are several reasons why one needs
A will is a document that is used in estate planning. You would use a will to help you plan in advance how you want any property
by Ethel Smith
If you have ever had a family bereavement you may have already sussed why having a will is so important. You may think that
View All Articles on:
Why do you need a will?
Add your voice
Know something about Why do you need a will??
We want to hear your view.
Write now!
Cast your vote!
Click for your side.
Featured Partner
OpentheGovernment.org (OTG) has partnered with Helium, giving you the chance to write for a cause. Browse Openth...more
hide