Skip to main content

Importance of making a will

By


Life is full of unexpected events. That is why, in the face of uncertainty, human beings must lean on all those pillars that give them peace of mind in their day to day.

One of these tools is the will, which many people turn to if they want to make sure that their properties and assets will pass to those closest to them, in case something happens to them.

making a will


It is a legal process that guarantees the last will of the deceased.

However, it is not enough to just write on a sheet of paper in a drawer in our house to call it a "will" and the inheritance is properly distributed.

Regardless of whether that is our will, sometimes that document does not have the necessary validity to serve as a will.

Reasons for making a will

For those who are wishing to make a will, here we are going to explain the importance of a will and the consequences of not doing it before death.

1. The testament provides legal certainty to the distribution of the inheritance

In the first place, it is a legal formalization that provides and confers security at the legal level both to the heirs and to the testator, thus saving many problems.

Having said the above, the will certifies the distribution that the property wishes to make when the possessor of these has died.

will and estates


In that sense, if it is recorded, the possessions are not left up in the air and are distributed as reflected in the will.

Also, you should not think that formalizing a will implies parting with those assets as owners from that moment.

Until the death occurs, the properties and assets correspond to the one who has them and the heirs will not be able to receive it until that moment.

It is also important to mention that the testator does not have absolute freedom to make the distribution as he wants.

There is the concept of legitimate, which explains that there is a part of the inheritance that can never be taken from the heir, which is usually 1/3 of the inheritance.

2. It is a simple and fast procedure

It is a very fast legal procedure and its cost is very low. You just have to go with your ID to a notary in Sydney and tell the notary how you want to distribute your assets, and pay the cost.

In addition, you do not need to do it with any witnesses, because it is a very secret procedure and, if that is what you want, the heirs do not have to know the configuration of the distribution until death.

Wills, of course, are not permanent: they are revocable and all the elements that we want can be changed. The last registered will always be valid.

make a will


What happens if I don't make a will?

Another reason for making a will is that, everything that is collected in the will has a 100% guarantee that what is written in the document about our wishes to distribute our assets will be fulfilled and that, for Therefore, when your requests are legally established, it is not then the law that is obliged to designate the heirs.

If no will is left, the order stipulated by the Civil Code is as follows:

  • Children and grandchildren.
  • Parents and grandparents.
  • Spouses
  • Brothers and nephews.
  • Uncles and cousins.
  • If no one claimed the inheritance, the State would remain.
You cannot imagine how much a will simplifies an inheritance distribution process. When wills are not made, the procedures are slower and more expensive, involving a considerable financial outlay for family members, who want to get rid of this mess as soon as possible. If you need more assistance, contact Mckenzie Lawyers today!


Labels:

Comments

Post a Comment

Popular posts from this blog

The Importance of SEO: 10 Reasons to Invest in Search Engine Optimization

By
Search engine optimization is one of the most important marketing techniques for any business, but what are some reasons why it's so important? In this article, we'll share 10 reasons that will help you understand how SEO can benefit your company.  By the end of this blog post, you'll have a better idea about whether or not search engine optimization is right for your business! 10 Reasons you should invest in SEO 1. SEO Increases your brand awareness SEO helps increase your brand awareness. People are more likely to click on your website if it's listed at the top of a search engine page. This gives you an opportunity to get their attention and communicate with them about what your business offers or how they can purchase from you. This not only improves conversions but also cuts down on customer acquisition costs because searchers are already familiar with what you offer before ever engaging with you! 2. It Helps You Increase Sales SEO helps you increase y
Post a Comment
Read more

The Importance of Drug Testing in the Workplace

By
Drug testing has become commonplace in many companies in the world today. It is still a matter of great importance in many work situations and can be of great help when it comes to knowing what to hire. Here are some of the top benefits of workplace drug testing. Safety Routine workplace drug testing promotes workplace safety and reduces the amount of drug use in the workplace. Employees working under the influence cause an increase in the number of accidents and injuries that occur on the job. This fact remains especially true when the workplace requires the use of heavy machinery and tools. The government reports that more than half of accidents that occur in the workplace occur due to drug or alcohol use by employees. Employees who use drugs on the job are also five times more likely to file a workers' compensation claim, which becomes costly for their business. Reduce abuse Drug use within the workplace is on increasing state. If an organization doesn't require ro
Post a Comment
Read more

Removals in Newcastle: Common mistakes and How to avoid them

By
At RBR Moving , a moving company in Newcastle , we have many years of experience and we have experienced different types of removal with our clients. We have learned from all of them that we want to share with you, to help you if you are in this circumstance. If you're planning to move, chances are you've already started to feel the pressure. Whether you're moving down the street or moving to another city, the stress of packing and making arrangements is overwhelming. Relocating from one place to a different takes effort, time and money. You could spend a whole month planning it, but still, you may end up making some mistakes ... Common mistakes and how to avoid them 1. Moving without a to-do list The key to a smooth and successful move is proper planning and organization. You should have a plan for how you will approach each stage of the moving process, such as getting the right boxes, packing, hiring a moving company , etc. One of the main reasons people get ove
Post a Comment
Read more