Legacy, Estate planning blog in Singapore
30/06/2024
Devdatt Nerurkar
Founder of WiserWill
Why should I make my Will?
We always hesitate while thinking about this question. We wonder, “do I really need to make it right now”.
There are several arguments in our minds regarding this question. For e.g., “only the elderly make wills” or “I’m not wealthy enough to make a will” etc. These thoughts result in us delaying one of the most important decision of our lives – drafting our wills.
We must accept the fact that unforeseen events can occur in life, with no warning whatsoever. The assets we own – no matter little or large – do not determine whether we should make a will or not.
What are some advantages of drafting a will?
- I get to decide how my assets and properties are distributed among my loved ones. If I don’t make a will, upon my death, the Court decides, as per the Intestate Laws of my country, how my assets will be distributed.
- Once I make my own will, it accelerates the process of distribution of my assets and properties to my loved ones. In the event that I don’t make one, the court process takes a longer time, since legal steps are required for the distribution tend to be lengthy.
In the past, people used to be very hesitant while buying their own insurance. However, gradually they realised how health complications could completely wipe out one’s wealth without adequate insurance. Now, people buy insurances immediately after their children’s birth – that is how crucial this step has become in our lives. Similarly, the decision of making a will should not be delayed.
Other factors for our hesitation when it comes to will-making is:
- making a will is not easy, how do I write my own will? and
- I have to spend a hefty sum of money to make a will, let me just do it another time.
This is where WiserWill comes in. With WiserWill,
- You can make your own Will online in just minutes. You can make one in less than 15 minutes!
- We provide one flat lowest price for all types of wills, whether your distribution of assets is simple or complex.
- WiserWill provides 1 year of unlimited free edits to your will in case you wish to make any changes.
- On top of this, you are entitled to an automatic 20% discount for any subsequent wills once you make your first will with us!
So, let’s take the most important step of our lives by writing our own will with WiserWill.
