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Why Do You Need To Write A Will? - Family - Nairaland

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Why Do You Need To Write A Will? by GofGs: 10:57am On May 24, 2020
WHY DO YOU NEED TO WRITE A WILL?
In this part of the world, we see writing a Will as a courier letter to death by the writer (testator) because it is usually deemed that whatever makes one to write one’s Will, one will soon die. Therefore, people get generally offended if you ask them whether they have a Will. This shouldn’t be because there is no proof that estate planning through Will or other methods could attract death prematurely. On the contrary, writing a Will shows that one is much organised and highly sensitive to virtually all circumstances around one.
A Will is a legal expression of an individual’s wishes about the disposition of one’s property after death.
Here are a few of the reasons (or advantages) why you need to write a Will
I wouldn’t be able to expatiate as such to avoid boredom and safe time.
1. It displaces the application of the rules of customary law to a person’s estate on one’s death.
2. The testator has a satisfaction of having ordered his affairs before his death, that is, the case of family property which would have resulted upon intestacy would be forestalled. The devise will operate to vest separate and individual interests, not a communal interest upon each beneficiary. It will also specify the quantum of interest of each beneficiary;
3. A Will displaces the application of the rules of statutory devolution, that is, the application of Administration of Estate Law.
4. The testator has the satisfaction of benefiting those one loved or owed a duty of care.
5. The testator has the benefit of appointing people he trusts as his executors, who have the duty to carry out his wish.
6. Trusted persons can be appointed as guardians of testator’s infants (where there is any).
7. Executors of a Will’s power of execution arises immediately upon death of the testator and their power is not contingent on the Will being proved as in the case with issuance of Letters of Administration upon death. Thus, wide powers can be conferred on executors by the testator.
8. It gives the testator the opportunity of making specialty gifts that is, showing generosity to other people e.g. organisation donation for whatever purpose.
9. The testator is given the opportunity to give his funeral directives.
10. It is cost effective.
11. It gives room for identification of assets.
12. It gives inner satisfaction to the testator.

Will and estate planning are extremely important for every adult. Wills are not basically for the elderly. Every adults needs to track his assets and plan ahead.
On the other hand, some people think that writing a Will or estate planning is only for the wealthy. Yet, people at all economic levels benefits from an estate plan. In fact, rancour amongst possible beneficiaries from the absence of Will cuts across all economic and social strata.
Note that writing a Will is not final, as it is subject to amendment or modification which is known as a Codicil in a legal parlance during the lifetime of the testator.

Consider what happens in this scenario:
Romeo died suddenly last year after a serious stroke at age 50. He was a very energetic and sagacious gentleman. Unfortunately, he had no premonition of death. He was unprepared for his transition. Immediately after his death, his brothers dispossessed his wife, Sussan of the house built jointly by both of them. They did not stop at that, they wrote to Romeo’s employers demanding that his final entitlements be paid to them. Sadly, Romeo did not write a Will as he did not expect to die so soon. He died intestate.
Note that this situation purports uncertainty for Romeo’s survivors (that is, Sussan and her children).

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Re: Why Do You Need To Write A Will? by Nobody: 6:33pm On Nov 23, 2020
Mia dey wonder.
Wetin concern me with wetin happen after my death.
Re: Why Do You Need To Write A Will? by Dtruthspeaker: 12:02pm On Nov 24, 2020
GofGs:
WHY DO YOU NEED TO WRITE A WILL?
In this part of the world, we see writing a Will as a courier letter to death by the writer (testator) because it is usually deemed that whatever makes one to write one’s Will, one will soon die. Therefore, people get generally offended if you ask them whether they have a Will. This shouldn’t be because there is no proof that estate planning through Will or other methods could attract death prematurely. On the contrary, writing a Will shows that one is much organised and highly sensitive to virtually all circumstances around one.
A Will is a legal expression of an individual’s wishes about the disposition of one’s property after death.
Here are a few of the reasons (or advantages) why you need to write a Will..

What if I told you that Wills are Frauds?

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