Most people need a will. Even if you do not wish to depart from the statutory order of inheritance, there are many other important matters that can be regulated in a will.
If you wish to specify that the property your heirs inherit from you shall become their separate property and therefore not need to be divided with a spouse or partner in the event of a separation, this must be regulated in a will.
In addition, a will can regulate wishes regarding who should manage the inheritance of a minor heir, who you wish to become the guardian of a child if both parents pass away before the child reaches the age of 18, and who should inherit specific assets such as companies, real estate, jewellery, watches, or other items with significant sentimental or financial value. Many people also choose to specify who should assist with the estate inventory and estate distribution when the time comes, in order to make matters easier for their loved ones or simply to avoid conflicts between heirs.
If a will is incorrectly drafted, this is unfortunately often discovered when it is too late to make changes, and an invalid or difficult-to-interpret will can lead to many unfortunate and costly consequences. We help you achieve the outcome you want and provide advice regarding what is best suited to your situation.
You may also choose to store your will with us. You can read more about this under Document Storage.
Contact us for legal advice regarding Will and testament
Most people need to prepare a will, if for no other reason than to ensure that what their heirs inherit becomes their separate property. Most people also have a need to regulate other matters in their will, such as who should manage a child’s inheritance, which country’s law should apply, or other wishes regarding how the inheritance should be distributed.
Yes, a will can be changed or revoked by preparing a new will or by making an amendment to the existing will. However, it is important to seek assistance from a lawyer to ensure that everything is done correctly.
If a person dies without having prepared a will, the distribution of the assets is governed by inheritance law under statutory rules. In such cases, the inheritance received will not constitute separate property for the beneficiary.