Why do I need to write a Will?

The common reasons or excuses for putting off writing a will are normally;

• I don’t have much and don’t own any property yet;
• We assume everything will go to our family;
• I am still young and not sick and don’t travel much;

But these factors will leave your loved ones “stranded” when you passed on without a will! Writing a Will is to provide and Protect your loved ones when you are gone, so that they are not left stranded and most vulnerable without you ! Provide and Protect them with your will and ensure your bank accounts are not frozen when you passed on and their immediate needs are not frozen too!

When you have a Will;

• You get to choose your Executors and Administrators and your Executors is clothe with authority and empowered by the Will upon your death and as such is empowered to act for the Estate immediately upon your death;
• You get to direct and empower your Executors and Administrator to convert, manage and operate all your bank account immediately upon your death and before applying for the grant of probate; (Your Executors can utilize the funds in your account immediately to pay for funeral expenses, family sustenance and needs, discharge immediate obligations (like care hire purchase- children education and fees) and debts – your family will not be left “stranded” whilst waiting for the grant of probate or letter of administration (without a will – which can take up to 6 months or more to obtain);
• You get to choose your beneficiaries;
• You get to direct and empower your Executors and Administrators to deal and manage your properties without waiting for the grant of probate.;
• You get to choose a trusted guardian for your children;
• Your Executors and Administrators are empowered to act for your estate upon your death and their power is derived from the Will.
• Your Executors and Administrators are empowered to act for your estate upon your death and their power is derived from the Will.
• You get to appoint your Guardian for your children if your spouse had pre-deceased you or if you are divorced and have custody of your children and your appointed legal Guardian can immediately act for your children’s interest;
• If you are married, it is to ensure that your spouse have full control and/or benefit of your estate; (Take note of the Distribution Act in cases where there is no Will)