Whats a Last Will and Testament and why do i have to make one?
The Last Will and testament, commonly know as a Will, is a very important piece of documentation that everyone should complete. Passing away Intestate is unfortunate for the family but great for the government. When someone passes that doesn’t have a Will, all their assets that would normally be inherited by friends and family will be sold at an auction and the proceeds given to the local government.
The process of planing your will can be fairly complicated and in some cases require a lawyer but the results are highly beneficial. This process can also be fairly expensive, ranging from 300 to 1200. When planning your estate you must appoint many different people.
- back up people just in case
These people will then be in charge of all your belongings when you become unfit to handle them yourself. This is why its very important to create a Last will and testament.