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Busting 5 myths about Will creation
By admin
07/04/2020

Busting 5 myths about Will creation

Will is an important part of life. However, it is one of the most neglected things too. People often tend to keep it aside leading several problems afterwards. A lack of Will gives rise to a family feud, trouble for the next generation, legacy getting confiscated by Government and many more. Various people have different ideas regarding the Will, its expensive, its time taking, it’s for rich and many more. And these wrong thoughts lead to severe troubles. We are going to bust 5 myths about Will and you would wonder why haven’t I gotten one till now!

Here are the myths that you really need to know –

Creating a Will is expensive

This concept might have been true many years ago when people didn’t have the luxury of comparing prices of estate planning and others. In today’s world, creating a Will is as cheap as having dinner at a restaurant. All you have to do is research and choose the best option for you.

Creating a Will is time-taking

At this age and time, with only just 10 minutes at your hand, you can prepare your Will from anywhere you want. It can be as much comprehensive as you want but also equally convenient.

Making a Will is complex

Well, this isn’t true at all. At first, you must make a detailed decision of the fate your assets in a good healthy mind at your own time, which might be a little bit tedious. But various online organizations are there that would provide advanced provisions to help you make the decision.

Will is for the Rich or Elderly

Will is for everyone who has assets. Without a Will, the assets might get confiscated by the Government and also your legacy might not be well distributed as you might have wanted. Also, if anything happens to you suddenly and your next of kin is a minor child, then the monetary and other assets like retirement funds, life insurance policies might get on the wrong hands, which may lead to troubles for the heir. So, you need to create a Will or a Trust for smooth and better transmission of the legacy.

Once a Will is made, it is done forever

This is not true at all and that’s why digital Will are so handy. One can revise their Will as many times as they want. It is better to update it at regular intervals because with time your legacy value will increase or decrease.

If creating a Will has been in your to-do-list for months or years and you have been stalling it for these reasons then it is high time that you debunk your perspective and get over these myths. Most of us are really uncomfortable confronting our mortality, especially when we are young and healthy. But life is uncertain and it is advisable to keep your estate plan and Will ready for a better life of your loved ones.

Making a Digital Will or Trust is extremely easy and affordable because of Gift My Legacy. You can create a legal Will in less than 10 minutes at your convenience and at an affordable price.

Busting 5 myths about Will creation

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