Wills are important legal documents that allow you to dictate how your assets will be distributed after you pass away. At Fairmont, we want our clients to feel fully equipped with the knowledge they need to make informed legal decisions. We understand that there are several myths surrounding wills and we’re here to debunk some of them and clarify the facts along the way. Keep on reading to learn more:
Myth: Only elderly people with wealth need a will.
Fact: Wills help all individuals, no matter their age or financial status. They enable people to ensure their wishes are fulfilled after their death.
Myth: Writing a will is complicated.
Fact: With the right legal team by your side, the process of drafting a will can be relatively simple.
Myth: Once you create an illness you can’t change it.
Fact: Wills can be updated whenever you like! When a significant change in circumstance occurs in your life, it is best practice to update your will accordingly.
Myth: A will is only needed for those with significant assets.
Fact: A will can prove to be valuable even if you have modest assets. This important document can help to ensure your loved ones are taken care of and that your possessions are distributed as you’d like. Drafting a will can also help to minimise any family disputes after your passing.
Understanding the facts can help you navigate wills with confidence and assist you in making informed decisions. If you would like more information on wills, contact our friendly team for free initial advice today.
