Published on
15 September 2021
4 min read

7 Important Reasons Why You Need A Will

Dec 21, 2022

Have you been putting off completing your Will? Has it been on your daily agenda for quite a long time, even years? You are in good company: more than 57% of Indians don't have a Will and millions have Wills that should be refreshed. In case you're wondering why you need to get a Will, keep reading.

Making your Will is the catalyst for having significant discussions

A typical excuse we've heard from the individuals who presently can't seem to make their Will is "my family will know what to do in the event that I die." This presumption has caused family friction too often since death, distress and misfortune can make decision-making highly emotional.

All things considered, the way toward composing a Will and explicitly stating your choices down takes the weight off your friends and family to theory (and challenge) what your desires would be. This is an ideal opportunity to tell your chosen executor and guardians that you've picked them, and ensure they are capable.

You conclude who will be accountable for shutting your assets

You may have loved ones who love and care for you yet would not be capable of closing your home upon your passing. Your Will is the chance to pick the perfect individual as your executor. Somebody in your life who you trust as well as who has the capacity—time, energy, hierarchical abilities—to serve in this job.

The individual you pick as your executor shouldn't be written in stone either, as things can change throughout your life. With AasaanWill, you can return and refresh your decisions whenever free of charge.

A significant relationship in your life could be disregarded by the courts

At the point when you die without a Will (known as passing on "intestate") common enactment will direct what your estate is distributed and may impact significant connections in your day to day existence that are not perceived by these laws. Common-law partners and different dependants you wish to accommodate are powerless on the off chance that you die without a Will.

You have a crisis plan set up for your minor youngsters and dependants

Nobody needs to think about a tragic occasion that could leave a kid or kids without their parents. This thought exercise won't (ever) be simple, yet evading it inside and out is likewise impossible. Your Will tells your friends and family and the courts who you've depended to give care and backing to your kid or youngsters. While this choice ought not to be made lightly, it's essential to get this recorded as a hard copy and dodge the disturbance that could follow on the grounds that there was no arrangement set up. Here's a guide we composed on what to consider while choosing a guardian.

Like your executor, your choice for your guardian(s) can change over the long haul. Pick AasaanWill with the expectation of complimentary updates whenever.

You additionally have an arrangement set up for your pets

Most pet owners would agree that we love the animals in our lives as much as the people in our lives (and at times, perhaps more!). Set up as a written record who you'd prefer to care for your pet when you're not able to and set aside funds to help support your pet’s needs. Ensure you have this significant discussion with whoever you pick so they know about the thing is being requested from them.

Maybe this goes without saying...but don't you need to choose how your estate will be distributed?

Your Will is a legally-binding record that allows you to decide how you'd prefer to partition your estate and gives you a place to distribute special gifts of financial or nostalgic value like books, arts, and jewellery. Assist your friends and family with exploring who gets what and limit the odds of arguments that may emerge when wishes aren't clarified.

To wrap things up, the endowment of giving

You need a Will in the event that you wish to incorporate a blessing or gift to the foundations/charities you care about after you die (you likewise have the alternative to leave a percentage of your estate). Numerous associations are upheld by legacy giving and permit you to show kindness to help the individuals who need it most.

Bonus reason: You need a Will since you deserve the peace of mind.

There's nothing more regrettable than strolling around with an irritating thought "I know there's something I ought to do, yet I'll simply get to it later." Procrastination is a dim jungle gym where we can never completely appreciate the current second knowing there's incomplete business.

Try not to postpone until tomorrow what you can do today. We live by this saying and we urge you to do likewise. With AasaanWill, we endeavored to do the truly difficult work for you so you could make your Will rapidly from the solace of your own home without compromising the quality of your documents.