Sometimes we tend to overlook planning for the inevitable. It can be quite uncomfortable to think about our own mortality but you need to think about creating a will as this is a responsibility you have to hold for your loved ones. This is a legal document that will outline how your assets will be distributed along with the particulars of guardianship for your dependents.

A will is a step you need to take in order to preserve your legacy.

This way, you can make sure your wishes are honoured. If you don’t have a will, your possessions and assets will be subjected to intestacy laws and the outcome of this will not always align with your desires. Sometimes your estate will end up in the hands of individuals that you didn’t intend it to and this can lead to discord among family members. You will have control over the disposition of your estate when you draft a will so that they can benefit your loved ones. You can also look into experts that specialise in wills and EPOA preparation so that you can learn more about how the process goes. The future of your dependents will be secured when there is a will. This is very important if you have individuals that rely on your support or any minor children.

You will be able to designate guardianship when you craft a will.

This way, your children will be under the care of individuals that have your trust in the aftermath of your demise. This will ensure your children be cared for with love and stability. There can be custody battles arising from the absence of a will. Sometimes the state can also intervene and this can create a very challenging situation for your loved ones. There will be a sense of clarity offered to your loved ones when you craft a will. It is emotionally difficult to lose a loved one and some of the burden that is associated with settling an estate will be alleviated when there is a will in place. The will provides clear instructions so that the probate process can be navigated by the executor. This will help expedite the distribution of assets.

Crafting a will is also a great way to reduce disputes among the beneficiaries.

This can streamline the administrative aspect of the process and grieving family members will be able to support one another without having to go through the challenging task of deciding what goes to whom. You will be empowered to make decisions on end-of-life care and healthcare preferences when you create a will. This will help in outlining your wishes when it comes to life support, medical treatment and organ donation. This will spare your loved ones the burden of making difficult choices during times of crisis. The healthcare decisions taken will also align with your beliefs and values. You will be able to mitigate potential estate taxes when you have a will so that the value of your assets can be preserved for future generations. There are tax saving strategies that you can take advantage of to ensure this and this will maximise the inheritance your beneficiaries will receive.