A lot of people don’t want to think about what will happen to their families should they pass away. They have every reason to do so. Death and what comes after is usually a taboo, or something that nobody wants to talk, write or even think about. However, your family stands to benefit with advance planning or preparation. It’s not as if they are actually preparing for you to die, it’s you who are preparing your family for your eventual death. Let’s face it, there are two things in life that everyone cannot escape – death and taxes.
Traditionally, making a will requires you to get a lawyer to draft it for you, so that any mistake in the will could be addressed professionally. Hiring a lawyer and paying for legal costs can be quite expensive and troublesome. I’ve heard of horror stories wherein it’s the lawyer who gets the inheritance rather than the family. Fortunately, making preparations for your passing has been made easier for you by using a will writing software.
Unlike a lawyer, a will writing software has the advantage of being impersonal. With a will writing software, the process of drafting instructions and the process of distributing your wealth to your heirs becomes easier and less personal as it should be.
Furthermore, a will writing software cannot be tempted to get some of the inheritance for himself.
With this will writing software you are empowered to make a will that will prepare your family in the unfortunate event that you pass away. I’ve heard of tragic stories wherein families who lose their head of the family end up with nothing and end up not knowing that their father has left them some money in the bank. The situation would have been different if the provider has given instructions to his heirs on what to do.
You may not be a millionaire or you could even be in heavy debt but those are not good excuses for not preparing your family for your eventual death. If you are in debt, then it would be wise to let them know who you really owe money to and how much, rather than put them in the excruciating process of being defrauded by an over declaration of your debt. Don’t let that happen to your family.
Inform your family about the existence of sensitive documents that are pertinent to your transactions. There is a good chance that these transactions would be valuable even if they do not directly pertain to money that will be given to your family. When you pass away, the government takes a big chunk of what you own before it is given to your heirs. This is called the estate tax. You may not have taken that into consideration since you may think that the house you own will be theirs anyway. The government taxes that, and that could provide problems if your heirs are not financially secure.
A good provider should not only provide the needs of the family for the day. A good provider ensures that the family has what it needs even when he has passed away.