5 Reasons Why You Should Make a Will This Holiday Season

Holidays are a time for celebration, and every celebration multiplies when it is with family. It strengthens your bonds, and such gatherings are a great time for reflection. While you enjoy quality time with your family and friends, gifts double the excitement. But have you ever thought of something beyond material presents?

That’s right. Today, we bring you the idea of the gift of future to your family. You realise the importance of a will as it ensures your loved ones are taken care of, and you can have peace of mind once you secure your estate.

Estate planning in India need not necessarily be a taboo topic. This holiday season, you can debunk this myth. Here are five compelling reasons why you should consider estate planning for family and how it can be a great gift for your loved ones.

The whole family is together – important conversations spark up!

The age-old taboo of discussing estate planning in India still persists. But it need not be. Holidays are an ideal time to discuss important matters. It allows you to broach such sensitive topics. Whether you’re in the kitchen making sweets, playing games, or simply at the table enjoying a festive meal, such times foster closeness and understanding.

Initiating a conversation about estate plans can help your family understand the importance of a secure future. A well-drafted will addresses your personal wishes, helps you build assets, and safeguards the future – an invaluable gift in itself!

Great opportunity to help your family build assets and secure their future

An estate plan (will) defines the roadmap of your family’s financial future. A will ensures the protection of your loved ones from financial uncertainties by specifying the distribution of your assets. You can appoint a legal guardian for your underage kids to ensure they’re taken care of in case of an emergency.

Additionally, you can make provisions for higher education or other significant life events of your grown-up kids. Giving the gift of future with a will is not just securing your wealth but also creating the opportunity for your loved ones to build a stable financial foundation for the upcoming years.

It’s less challenging to initiate the topic when everyone’s together

No one likes to think about the possibility of an untimely demise, but the truth is, life is unpredictable. The COVID-19 pandemic is a wake-up call for us on that note. Having a will gives you peace of mind as well as makes things easier for your dear ones at the right time.

Discussing estate planning with the family at gatherings makes it a lot easier than initiating such conversations during an already stressful time. It lets everyone understand each other’s wishes with an open mind and avoid unnecessary legal interference. More crucially, it ensures that you don’t feel overwhelmed while making decisions about your estate.

You can add more valuable gifts to your will

Festivals are when you exchange meaningful gifts. It isn’t only about material value but also about deep sentiments. This holiday season, why not include assets and other valuable items in your will and gift them to your family? It can jewellery, property, heirlooms, or other asset values that can be cherished as invaluable gifts.

Additionally, you can include gifts that increase your wealth, such as shares, investments, or real estate, and pass them on to the next generation. This way, your will can reflect all the significant possessions and provide a comprehensive view of your estate.

If not now, then when?

We don’t know the future. It’s easy to assume that we have a lot of time to make important decisions, but waiting can leave our family unprepared during unprecedented challenges. Whether it’s looking after ailing and aging parents or securing the future of our children, a will safeguards the future of our family, stating clear instructions on when and what to do.

Discussing the important decisions while there is still time saves you and your loved one from the stress that comes during the moment of any crisis. Instead, your family can focus on healing during trying times rather than making legal decisions.

Final words

This holiday season, consider securing the future of your family through the gift of future in the form of estate planning.

Estate planning isn’t necessarily complicated, and the holiday season is a perfect time to initiate such conversations. Don’t know how to make a will? Give AasaanWill a call and we’ll assist you throughout the process!