Many people have questions about what will happen to their assets and properties when they die. The answer is not always simple. The answer really depends on where you are living when you die, where your properties and assets are located, where your beneficiaries or heirs live, and the jurisdiction.
When many people ask what will happen to their things when they die, the irony is that they have more control over what will happen than they may realize. When you have a will, you can decide on what will happen to your possessions.
However, many people do not write a will, and there are many reasons why this happens. Here are some of the reasons why some people do not write a will:
I Can Do It At A Later Date
If you do not establish your will now, when will you do it? You may think you have all the time in the world to create a will, but you should not wait any longer. The unexpected can happen to anyone, including you. You should make sure you set aside some time to write your will.
I Do Not Have Any Possessions
It does not matter how much you think you have, but you do have something to leave. If you do not leave a will behind for your family, you will create more problems than they may be able to handle once you are gone. You may be surprised at the assets and possessions you have once you start listing things.
I Cannot Afford It
Although many people recommend you have a lawyer present when you are creating your will, it does not mean you have to spend a significant amount of money. You can do your part by preparing your will before you make an appointment with a lawyer. If you do not think you can create the will on your own, you should avoid doing so. The smallest mistake can mean you will not get the results you want your family to have.
Do you have reasons why you have not created a will? What are those reasons? There will always be help for those who need a will or other estate planning documents. Do not hesitate to contact us for more information or a consultation.