28 Nov Planning for The Future: Why You Need A Will
Just as life is wonderful and joyous, it can also be unpredictable and hard. Having to think about death and what follows is not a subject anyone enjoys, but it is completely necessary nonetheless. The only way to prepare for an uncertain tomorrow is to control what is in your power today. Plan for the future and make sure your will is sorted out!
Drawing up your will is essential to the continued well-being and comfort of your dependents and loved ones if you should pass away. Steps towards wills and estate plans will also give you some peace of mind, knowing you’ve made every provision possible. Unfortunately, many people neglect to get their wills and estate planning done, which causes a lot of unnecessary stress and delays in the handling of their assets, accounts, and investments.
Start getting your plans in order with a Will and Estate Plan
Dealing with a tragedy is one thing, but adding the burden of your unplanned estate, debts, and accounts to it is on an entirely other level of unpleasantness. Don’t let your loved ones suffer because you did not leave a will. In addition to dividing your assets in the way you would like, your will also determines who should get legal guardianship of your children. This is important whether you’re single or married.
Our Credit Boost team advises any adult to get a will and to start taking their future into their own hands. If you die and you don’t have a Last Will and Testament in place, the assets of your estate are divided up by the Intestate Succession Act. With a will in place, you would have indicated who should be your estate’s executor, however, without a will, this task is given to the Master of the High Court. With this comes inevitable delays, possible arguments amongst family, decisions that might not be in your loved one’s best interests, and avoidable frustration.
More importantly, not having a will means that your children could end up in the foster system, or might need to stay with a relative that you would not have approved of. Know that your child may have more opportunities for a happy life if you have a will in place – don’t leave it too late and take unnecessary chances. Prioritise your will and estate and make planning for the future your main priority.
Credit Boost is here to get you the professional wills and estate planning services you need. We will connect you with the best estate administration lawyers available, to ensure that your loved ones will be taken care of the way you intended!