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HomeLatest NewsReasons why you should make a will and write it well

Reasons why you should make a will and write it well

Date: April 19, 2024 Time: 03:19:12

Making a will is an excellent idea for multiple reasons. When you write it, you stipulate how your assets will be distributed when you die. In this way, when executing the inheritance, the risk of friction between the heirs and other serious problems is reduced.

Making a will: why it is important

One of the main reasons for its importance is because it facilitates the procedures for the heirs. Managing a death is never easy, as it is a very hard moment. If there is no will, another difficulty is added: not knowing how to distribute the deceased’s assets.

In addition, the costs for heirs skyrocket. By saving around 50 or 60 euros on the will, the successors will have to pay between 250 and 400 euros more in notarial procedures. There is also the possibility that disputes end up in court or that the assets leave the family. Therefore, good planning is essential when the time comes.

When to make a will

When to make a will is a question that does not have a single answer. It all depends on each person’s circumstances, although there are some factors to take into account. To begin with, age is not an obstacle, since it is possible to do it from the age of 14. However, the older it is, the more convenient it is to leave it prepared.

Likewise, it is advisable if your work exposes you to a high risk of death. That is, if your profession is dangerous, leaving your will is a sensible decision. In any case, each person has to decide when the time comes to write it. But do not think that by doing so you will lose your assets, because that cannot happen. The will only takes effect upon death.

And remember that you can change it as many times as you want. Depending on what happens in your life, you will have no problem making changes to your will, whether to include assets or add an heir.

Come on, the will.

Another relevant question is how to make a will and the answer is very easy. You have to go to a notary with your ID or passport to leave your wishes in writing. The professional will attest to your words, collect them and record the place, date and time. You won’t have to do anything else, just save the copy they give you.

It is also not necessary that you bring witnesses, except in very specific circumstances, such as if you are invisible or do not know how to write, for example. If you are not mentally competent, you will not be able to make the will. The reason is simple: you cannot use your will.

As you have seen, making a will is a good idea. Remember that it simplifies the procedures and payment of taxes to your heirs. And don’t be in a hurry to write it, since you have the possibility to change it as many times as you want. Of course, don’t leave it to the last minute.

* This website provides news content gathered from various internet sources. It is crucial to understand that we are not responsible for the accuracy, completeness, or reliability of the information presented Read More

Puck Henry
Puck Henry
Puck Henry is an editor for ePrimefeed covering all types of news.

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