There are many times when a person passes away without a will in place. This can cause some severe complications for the family. There may be personal belongings or real estate that cannot be allotted easily when this happens. Some survivors even begin to fight over the leftover items. Some people may put off making a will because they are simply busy. Some may think they do not have enough assets to be a concern. Even small items may need to be delegated to avoid issues. If you have specific requests for your remains, this also needs to be clarified. Arguments over donation and burial can easily cause a rift between siblings with different viewpoints. There are a few good reasons to hire a solicitor for will planning today.
Monetary Assets and Access
Money that is left over in the bank cannot be accessed by heirs unless their name is on the bank account. If there are multiple children, parents may not put all of them on the account during their lifetime. If there is not a will that specifies the recipient of the money, or granting access to the bank accounts, the heirs must file for probate to get to the money. This is expensive and time consuming. The money may be needed to pay lingering bills or funeral expenses, yet no one can get to it. Solicitors dealing with wills can help you organise these assets.
Real Estate and Personal Items
Things such as homes, land, and jewellery are all going to be an issue when they are left without a new owner. Even small items can cause fights between children. When family members are grieving, they often lose sight of what is important. They may all want to preserve memories by taking home the family photo albums or a collection of art. Expensive things such as jewellery and cars may leave children at odds with each other, as well. A court case may be necessary to delegate properly, otherwise the items go to the state. Real estate can be extremely complicated if the heirs cannot decide on a solution. In most cases the property ends up for sale and they split the earnings. This needs to be specified, however, so they can proceed without a drawn out legal situation.
Peace for the Family
When a family member passes, there is often a time of intense grief. The grieving process is often delayed during the final preparations. There is so much to plan that many family members become overwhelmed and fail to take care of themselves. When a will is prepared ahead of time it can bring a great deal of peace during this time. Proper instructions can alleviate the stress of going to court and filing for ownership of the remaining items. Real estate can be especially complicated. It can take months to file as an heir and deal with a mortgage company. Expenses may mount during this time.
A proper will can help you prepare the family for a time without you. You may have special items that you would like to give to specific people, as well. A will ensures that you get to make these final decisions. Your remaining monetary assets may be needed for funeral arrangements. Heirs need permission to access these funds. Special requests about body donation, cremation, or burial can also be added to your will.