BENEFITS OF MAKING A WILL
There are many benefits to make a Will. The keys benefits are :
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Decide Who To Receive Our Assets
✓ Decide on who shall receive and benefit from our assets rather than to leave it to the law to decide.
Provide For Those Not Entitled Under The Intestacy Law
✓ To provide for people who deserve to receive our assets but not entitled under the intestacy law.
Decide How Much Our Beneficiary(ies) Shall Receive
✓ Decide on the share of the assets to be received by beneficiary(ies)
Appoint Executor or Trustee
✓ Decide on who shall have the rights to administer the estate.
✓ Decide on who shall has the rights to take care of the minors (children below the age of 21 years).
✓ As the instructions have been clearly stated in the Will.
Expedite Legal Process
✓ Generally, it takes a shorter time and lesser legal fee to settle an estate with a valid Will than the one without a Will.
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