Do I need a Last Will and Testament?
YES! Every person should have a Last Will and Testament (“Will”). No matter how many assets you have or what your net worth is, every person should have a Will because your Will appoints a person to wrap up your affairs. Even if there are few assets to distribute, you will save your loved ones the cost and time of applying to the court to be appointed as your Personal Representative.
A Will takes effect on death, which means you can always change your Will during your life, so long as you are competent. [read more…]