Personal Will

Unfortunately many people die without a will because they don’t like to think about their own mortality. The fact is we all die at some point, and we just don’t know when that might be. Having the right things in place will ensure your loved ones are taken care of and your wishes will be outlined and fulfilled. This legal document includes information about how you want your assets to be distributed after you die and appoints the executor for your estate.

If you die without a will, your assets are divided up according to the government proceedings, against your wishes, which can be a more costly and slower process. You may leave your beneficiaries, that you planned to care for, with financial burden like taxes and probate which will reduce your estate value. If there are minor children, where both parents have died, a guardian will be required to be named to protect and care for them. If no such guardian is in place, they may end up in the care of the government. At the age of majority, the minors will receive their share of the estate regardless of their level of maturity. The court will appoint someone to administer your estate that will not be as sensitive to the needs of your family as an executor you would have chosen. There is also no protection for your children’s inheritance in case they separate or divorce.

A will is part of an easy and relieving process of knowing everything is in the right place. It will avoid family arguments, legal actions, protect your assets and allows your wishes to be fulfilled, so that those you love will have the protection and peace of mind deserved. Take measures to make sure this is done to protect you and your family and have it reviewed regularly to stay on track.

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Corporate Will

This is an important document that ensures the business owner’s wishes are executed as planned should they become incapacitated or die. Some of the areas to outline are as follows:

  • How the business will deal with the family and the structures that should be in place.
  • Whether it should be sold or maintained and how.
  • How ownership and control will be established along with responsibilities.
  • Will there be any key employees involved in this structure.
  • Establish strong business process and protocols’ to be maintained throughout generations.

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