Do You Need A Will ?

 Do You Need A Will ?
Do I Need One? 

  Probably the most important document you may ever have is your “Last Will and Testament”. If that is the case, then why is it that over 90% of the adult population of Malaysia do not have one?

   Some people think that writing a Will is only for the old, the infirm or those dying. This is obviously not the case and we should consider writing a Will as soon as practical, as we may die at anytime due to unforeseen circumstances. We all know that people die everyday after sudden illness or accident. Life is unpredictable.

   Quite a few people consider themselves too poor to need to make a Will, whilst others believe that dying without a Will is no different for them and their families than dying with a Will. I must stress that it is important to consider that the law surrounding Intestacy (dying without a will) has little to do with common sense or justice. We must not forget that “We Are Not Above The Law”.

   Whether you are single, married or living together it makes sense to assure that your loved ones will benefit from your estate. The more clearly you state your wishes in your Will, the more likely it is that on your death, those whom you wish to benefit, do. It also gives those left behind a clear indication of what you wanted to happen and this can ease the strain on those you leave behind at what can be a most trying time.

Everyone procrastinates for different reasons, but writing a Will doesn’t have to be complicated or expensive.

The simplest way to ensure that your funds, property and personal effects will be distributed after your death according to your wishes is to prepare a Will. A Will is a legal document designating the transfer of your property and assets after you die. Usually, Wills can be written by any person over the age of 18 who is mentally capable, commonly stated as “being of sound mind and memory.”

The end of your life is something you probably don’t want to dwell on, but thinking about what will happen to your loved ones and your assets and personal possessions is important. Making sure you’ve done all you can to make their lives easier will give you peace of mind. Once your Will is drafted and signed, you won’t have to think about it again unless something significant in your life changes.

 It may seem that having a Will is not necessary for some people, but I believe most people would prefer to protect their loved ones with a Will.

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