Having a well-thought out will is always a wise move. The three common advantages are:

  1. You can decide on how your assets will be distributed after your death. Without a will, your assets may not be given to your choice of beneficiaries. This may lead to serious disputes and disharmony among loved ones.
  2. You can appoint the right executors and trustees whom you know and trust. Executors and trustees will help to manage your assets and estate affairs after you pass on. This includes distributing assets according to your instructions and paying your debts and liabilities (using your assets).
  3. You can appoint a guardian to take care of your children who are below 21 years old. If you have children, it’s important to make sure that they’re always protected and cared for.

A will is your final act of love for your loved ones. It helps expedite settlement of your estate and avoids unforeseen complications while they are in grief.

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