Myths About Wills and Testament
Not having a plan for your estate is one of the worst things you can leave to your loved ones. Usually, this will lead to fights and this could end up making your loved ones not talk to one another for the rest of their lives. There seems to be a lot of misunderstanding about wills and the importance of them. In this article, they go over some misconceptions from the general public.
Myths
- Modern wills cover physical/health issues as well as financial ones.
- Without a will, the government would seize all the possessions.
- My advice? Give it all away pre-mortem to avoid lengthy probate time.
- Anything written anywhere as a wish upon dying is considered a will unless superseded by a legal document.
- Don’t let your children know they have power of attorney if you have chosen that in your will.
To read more information about these myths, click here.
