What happens if I do not have a Will?

WHAT HAPPENS IF I DO NOT HAVE A WILL?

NOBLEWILLS PRESENTATION

Yourfamilywillbearthestress. Theprocesswillbeexpensive. Youdon'tgettochoosewhowillmanageyour estate. Theguardiansmightnotbetherightchoiceforyour children.

Yourfamilywillneedtotraceyourassets. Yourestatewouldfallintothelawsofintestacy.

Conclusion

NOBLEWILLSPRESENTATION

YOUR FAMILY WILL BEAR THE STRESS.

Itisalreadydifficulttogrievethelossofafamily member,andneedingtofinalizealovedone’s lifetimeworthofestateisonlyaddedstress. Yourfamilywillneedtoorganizeyourdeath certificate,arrangeforyourfuneral,findand settleanydebtsthatyoumayhave,andfind outwhatassetsyouownandwheretheyare located.

THE

Lawyerfeesaredrasticallymoreexpensivethan theflatfeetowriteaWill.Witheachstepof managingyourestateandaffairsrequires professionalknowledgeandconsideration.Without aWill,yourestatewillneedtogothroughprobate courtsbeforeanydecisionscanbemade regardingyourassets.

PROCESS

EXPENSIVE

WILL BE

YOU DON'T GET TO CHOOSE WHO WILL MANAGE YOUR ESTATE

Itisacommonsoapoperascenariotoseefamily membersfightingtomanageadeceased person 'sestate,andthisisnotuncommoninreal life. Ifyoudonotclearlychooseanexecutor/trustee inaWill,yourfamilywillneedtodecideonwho willbeincharge,andthisagainwouldincurmore costsforthefamilyastheywouldrequirethe court'sapprovaltoappointanyone.

THE

YOUR

GUARDIANS MIGHT NOT BE THE RIGHT CHOICE FOR

CHILDREN

them.WithoutaWill,yourchildrencouldend

Ifyouhavechildrenwhoareunderage,then choosingtherightguardiansisimportantfor

upstayingwiththesocialservices,andyour familywillneedtogetthecourt’sapproval todecideonwhotheguardianswouldbe, whichistimeconsumingandcostly.

YOUR FAMILY WILL NEED TO TRACE YOUR ASSETS Identifyingandtracingyourassetscouldbe alongprocessasyourfamilywillneedto contactnumerousinstitutionsandfile claimstogainaccesstothoseassets.

YOUR ESTATE WOULD FALL INTO THE LAWS OF INTESTACY Therulesofintestacywouldapplytoyour estateifyoudonothaveaWill.Thecourts wouldthenmakethedecisionsonwho wouldhaveanentitlementfromyourestate. Forexample: InSingapore,ifyouaremarriedwithout children,thenyourspouseonlytakeshalfof theestateandyourparentstaketheother half.

CONCLUSION

Wepersonally,arestressedoutjustthinkingaboutallofthosepotential outcomes.Thankfully,thesescenarioscanallbeavoidedsimplybywritingaWill, savingyourlovedonesatremendousamountofstress,uncertainty,time,and money.

NOBLEWILLS www.noblewills.com info@noblewills.com 85255895089 489HennessyRd,CausewayBay,HongKong

Turn static files into dynamic content formats.

Create a flipbook

What happens if I do not have a Will?

Published on Nov 30, 2022

Noblewills

You can certainly live without a Will, but have you thought of why it is important and what could happen if you do not have one when you pass away? The following are a few examples of what could happen and how it could affect your family. Your family will bear the stress. It is already difficult to grieve the loss of a family member, and needing to finalize a loved one’s lifetime worth of estate is only added stress. Your family will need to organize your death certificate, arrange for your funeral, find and settle any debts that you may have, and find out what assets you own and where they are located. All of this can be arranged and clearly prepared if you have a Will in place..... For More Information Click Here:- https://bit.ly/3EPC0Jy #willwritingservices #onlinewillwriting #noblewills NobleWills www.noblewills.com info@noblewills.com 85255895089 489 Hennessy Rd, Causeway Bay, Hong Kong