While getting married is obviously primarily a romantic decision for most people, it’s also a practical consideration for couples who know that they’ll be together for quite some time. Marriage comes with multiple rights and benefits, from tax breaks to financial protection in the case that one of you passes away.
No matter how much you try to prolong or pause your life, there will come a time when you’ll have to face mortality and leave everything behind. Since you can’t bring all of your investment and accomplishments with you once your journey in this life is over, you may want to ensure that they’ll be in good hands or will benefit those you care most about. With that, writing a will is necessary to guarantee where your investments will go.
The date, or lack of a date on a deceased’s Will, can have significant consequences for executors, beneficiaries, and other parties interested in an estate. Although adding a date to a Will is not a legal requirement, it is advisable. Below we have outlined some frequently asked questions to help understand why the date on a Will is so important.
Writing a clear and methodical will is one of the most important things we can do for our loved ones. Not only will it ensure that our assets are distributed according to our wishes, but it will mean that those we care most about will feel that they have been fairly acknowledged, as well as offering a fitting opportunity for closure.
Wills are, however, subject to stringent standards to ensure that your interests – and the interests of those closest to you – are being met. As a result, there are a number of reasons why someone may have to go through the process of contesting a will; below, we look at some of the most common.