Monday, 27 September 2010

Now you can make your Will with ease....

No one likes to think about dying. However, whether you're perfectly healthy or you're in declining health, it is still a good idea to write up a Will. While it's not the most pleasant task in the world, it will save your surviving family and friends a lot of pain and effort after you're gone. Here are a few things to consider.

Contrary to popular belief, making up your own Will isn't difficult. It's always best to seek advice of a professional, especially if you have any particular complicated requests in mind. This will make absolutely sure that your Will won't be questioned after your death. That aside, the only real requirement is to have your Will signed by two witnesses who aren't included in the Will. These can can be anyone from friends to family members to collegues at work.

Of course, there are a few requirements you must consider as you write your Will. While you are free to distribute your money, belongings and property as you see fit, you must prove that you are both of sound mind and body at the begining of the Will. If you've written a Will in the past, it's a good idea to mention that previous such documents are null and void. This way, there is absolutely no doubt regarding your last wishes.

That done, you're free to put your affairs at ease. This can be anything from deciding who your pets will live with to deciding who will be the guardian to your children. If you've written books or created art, your Will can decide what happens to your art after you're gone. That includes placing some or all of you assets into Trust, which can protect their value for future generations.

Along with writing a Will, many people now make Living Wills. These allow you to decide what should happen to you should you become so ill or injured that you can't decide for yourself what should happen next. It may be unpleasant to think about, but it's much better than putting your family through the agony of not knowing whether or not to keep you alive. And usually, a Living Will is accompanied by a Lasting Power of Attorney, a simple document that passes control of your health and wealth to a trusted person, should you be unable to look after yourself or your money on your own.

Learn more about all the aspects of making a Will and protecting your loved ones at The Asset Protection Strategy.

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