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Author: Martin O'Donoghue Article source: http://www.articlealley.com/. Used with author's permission.
MAKING A LAST WILL AND TESTAMENT COULD SAVE YOUR FAMILY THOUSANDS OF DOLLARS IN UNNECESSARY TAXES AND EXPENSES AND PROTECT THEIR INHERITANCE IN THE PROCESS
Making a valid Legal Will is the ONLY WAY that you can provide for the special needs of your family AND ensure that your estate is not depleted through costly intestate administration proceedings!"
If you'd like to have a say in who receives your possessions when you die, and would also like to save your family thousands of dollars in unnecessary taxes and intestate administration proceedings in the process, then you must have a valid Last Will & Testament.
Lets be clear! If you don't get proper legal will assistance in order to make a valid Last Will and Testament you will run the risk that:-
YOUR possessions will be divided in accordance with the law and your wishes will not be taken into consideration!
YOUR possessions will be placed in to the hands of a person appointed by a Court - which could be a total stranger
YOUR children could be placed into the care of a guardian appointed by a Court - this again could be a total stranger!
YOUR children's guardians will have control over their inheritance - but only until they reach the age of 18 - after that its up to them not to waste it!
YOU will have missed a very valuable opportunity for tax planning which could end up costing your estate thousands of $$$$!
If you die without making a valid Last Will and Testament, you will lose control over who your assets are given to, who will mind your children and your estate will be substantially depleted due to the huge costs of intestate administration. Making a valid Legal Will is the only way for you to provide for the special needs of your family and save your estate thousands of dollars in unnecessary intestate administration expenses.
Having a valid legal Will enables you to:-
Appoint trustees and executors of your estate ..... You decide who has control over your assets and possessions and who administers your spouse's and/or children's trust funds!
Appoint guardians over your infant children....You determine who looks after the welfare and education of your children!
Make funeral arrangements ....You decide whether and where you would like to be buried or cremated.
Make gifts of your assets to loved ones and friends .... You decide which of your possessions you would like to gift and to whom.
Make a donation to charity ....You can decide to make a donation to support your favorite charity.
Create a trust for your spouse and/or children .... You can create a trust fund for your spouse so that he or she will be properly provided for; while at the same time you can also provide for your children.
Additional Benefits.........
If you are unmarried, you can ensure that your partner is properly provided for - they won't inherit from you automatically!
If you are divorced, you can decide whether or not to leave something to your ex-partner;
You can make sure you don't pay the taxman more tax than you have to;
You can make a very difficult time for your loved ones as easy as possible;
You can prevent family disputes over the distribution of your estate;
You can avoid the high costs of intestate administration and eliminate the need for an administrator bond and the associated costs.
Instead of intestacy laws making the decisions for you, by making a Legal Will, YOU CAN TAKE CONTROL OVER WHAT HAPPENS YOUR FAMILY AND ESTATE.
So, as you can see, a Last Will and Testament is one of the best ways for you to provide for the special needs of your family AND ensure that your estate is not depleted through costly and drawn out probate proceedings. By taking the time to complete a Last Will and Testament form, you will be taking an important first step in planning for your family's future! Just call your lawyer to find out more or visit http://www.global-wills.com/lastwillandtestamentkit.htm.
Martin O'Donoghue
Director and Corporate Counsel
Global-Wills.com
martin@global-wills.com
Martin O'Donoghue, lawyer and co-founder of http://www.global-wills.com, has helped thousands of people make a last will and testament through the use of legal will kits and legal will forms. Global-Wills.com helps people to strategically secure the financial future of both them and their family through the provision of international estate planning and asset protection products, forms, resources and information.
Strategically securing the financial future of you and your family!
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