Why everyone needs a will. Even you.

Why everyone needs a will. Even you.

Why everyone needs a will. Even you.

by | Inheritance

“I have nothing to leave”, “my wife gets it all anyway, right?”, “I am only (insert any age), I don’t need too yet”, “I don’t care what happens after I die”.

These, and a myriad of other reasons, are common responses when I ask people if they have a will.  Many people don’t think their financial or personal situation justifies a will.  Some people don’t have family.  Others think it is a task for old people…

But for every excuse not to make a will, there is a strong counter argument to be proactive in life and plan for your death.  Let’s bust a few myths!

I am too young to write a will.   Heath Ledger was only 28 years old when he died suddenly in 2008.  Fortunately he had drafted a will in 2003 in which his daughter and family was provided for.  Had he failed to prepare, his international estate may have taken years to administer.  None of us know what the future holds, so be pro-active and prepare for the inevitable.

I don’t have any assets.  Maybe you don’t right now, but a will can be futureproofed to some extent.  It should also be updated after every major life event.  You can do much more in a will than bequeath money too.  Do you have specific funeral wishes?  Do you have children who need guardians nominated in the event of your death?  Do you want to be repatriated on your death?  All of these post death issues can be addressed in a will.

I don’t care what happens after my death.  If you have never been involved in the administration of a deceased person’s estate, you might not be worried about what happens after your death.  Dying, even with a will in place, is a hugely complex and demanding administrative task.  It can also take considerable time, effort and expense to deliver a persons dying wishes.  So spare a thought to those you will leave behind and try to make the difficult role of administering your death as easy as possible.

Let the state decide what happens to my wealth.  Every country has intestacy laws, which decide what happens to your estate on your death if you don’t have a will.  If you wish to act contrary to these family centric laws, for example favor grandchildren over your own adult children, or disinherit a family black sheep, you need to act in life and write a will.  If you are not married or in a civil partnership but cohabiting with a loved one, they will not inherit anything under most intestacy laws.  If you have no-one to gift too, instead of letting the crown receive your estate, why not benefit a charity instead?  There are even tax breaks for gifting to charity in your will in some countries.

Plan your death in your lifetime to ensure those you are care about are cared for.  If you want to write a will, contact us now to assist you.

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Testimonials

"Cindy is knowledgeable, approachable, incredibly helpful, and highly professional. She helped me to understand the implications of my requests and...

Jayne Hilton, Engineer, UK

2018-06-05T08:30:28+00:00

Jayne Hilton, Engineer, UK

"Cindy is knowledgeable, approachable, incredibly helpful, and highly professional. She helped me to understand the implications of my requests and was always on hand to offer guidance and support. All in all an excellent service."
"It was a pleasure to work with Cindy and her team! Even though planning for one’s own death is a...

Jim Swander, CEO, Cambodia

2018-06-05T08:37:50+00:00

Jim Swander, CEO, Cambodia

"It was a pleasure to work with Cindy and her team! Even though planning for one’s own death is a project we all can easily put off, it removed an area of stress in my life. I no longer had to wonder if certain people would be taken care of, or where my money would go. Cindy and I worked through the process and she asked a lot of thought provoking questions. The first draft helped me think a second layer down, and made the will more complete. We finalised with her lawyer, signed, witnessed and put away in a safe place, letting my executor know exactly where to find it. I do not hesitate to recommend Cindy’s services."
"Cindy made the process of making a Will painless and efficient which we really appreciated. She was sensitive to avoid...

Moray Iles, Vietnam

2018-06-05T08:42:23+00:00

Moray Iles, Vietnam

"Cindy made the process of making a Will painless and efficient which we really appreciated. She was sensitive to avoid putting pressure or hassle to complete the Will quickly which allowed us to consider everything in our own time. Best of all, Cindy's professional support and thorough and clear explanation of the laws pertaining to our situation were very helpful. We would look forward to working with Cindy again on documents personal to our family."
"For various reasons, my situation turned out to be quite complicated and I needed two wills (as advised by UK...

Jenny Pearson, Consultant, Cambodia

2018-06-05T07:59:04+00:00

Jenny Pearson, Consultant, Cambodia

"For various reasons, my situation turned out to be quite complicated and I needed two wills (as advised by UK tax specialist) to keep my English and Cambodian assets completely separate. Cindy was able to work through all of that with me and I am confident that I now have everything properly covered."
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