By Attorney Sagit Kenan
A will is a legal document that outlines how a person wants their assets distributed after their death. It ensures that the testator’s wishes are honored rather than leaving the distribution of assets to standard inheritance laws. To be valid, a will must be written according to legal standards, and the testator must be fully aware and free from any pressure when drafting it. Moreover, a will can be modified or canceled by the testator at any time.
Ten Reasons to Draft a Will
- Honor Last Wishes: A will ensures the testator’s wishes are followed after death. Without it, assets are distributed according to the law, which might not align with the deceased’s desires.
- Prevent Family Disputes: Clear wills can avoid conflicts among heirs, preventing costly and lengthy legal battles.
- Reduce Legal Costs: A will can minimize expenses related to probate procedures.
- Ensure Proper Management: Wills can include specific instructions for managing personal affairs, medical care, or guardianship of children.
- Protect Privacy: They can contain provisions that protect the privacy of the testator’s personal matters after death.
- Ensure Care for Dependents: Wills ensure that children or dependents needing care receive the necessary attention.
- Appoint a Power of Attorney: A will can designate someone to manage the testator’s affairs if they become unable to do so.
- Charitable Donations: It allows for donations to charities or other important causes to the testator.
- Clarify Ownership of Assets: A will can define ownership of assets acquired before or after marriage.
- Final Messages to Loved Ones: It provides an opportunity for the testator to say goodbye and leave personal messages for loved ones.
The law firm of Eli Hadad offers diverse expertise in legal matters to protect family assets. You can contact the firm by phone at 08-8679910 or by email at avocats@elihaddad.com. This article is addressed to everyone, although written in the masculine for simplicity.
