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Benefits of having a Registered Will

Jobee Paul
Jobee Paul
  • Apr 15, 2023
  • 9 min to read
Benefits of having a Registered Will Paul

A registered will is a legal document that outlines the wishes of an individual regarding the disposal of their estate after their death. It is a document that is recognized by the court and can be used to settle any disputes that may arise over the distribution of assets. Having a registered will ensures that your wishes will be honored and that your family and friends will be taken care of when you are no longer around. The first benefit of having a registered will is that it eliminates any potential disputes over your estate. Without a will, it can be difficult for family and friends to decide who should receive what assets. This can cause a great deal of stress and conflict. With a registered will, all parties are aware of the wishes of the deceased and can settle any disputes quickly and easily. Another benefit of having a registered will is that it helps to protect the assets of the deceased. Without a will, the assets of the deceased may be distributed according to the laws of intestacy. This means that the assets may not be distributed in the way that the deceased would have wished. With a registered will, the assets are distributed according to the wishes of the deceased and can be protected from any potential risks. A third benefit of having a registered will is that it makes it easier for the deceased’s wishes to be followed. Without a will, there is often a great deal of confusion and difficulty in determining what the deceased wished for their estate. With a registered will, it is clear what the wishes of the deceased were and it is easier to follow them. A fourth benefit of having a registered will is that it can help to minimize taxes. Without a will, the estate is subject to inheritance tax, which can be quite costly. With a registered will, the estate can be structured in such a way that it minimizes the amount of inheritance tax that must be paid. Finally, having a registered will can provide peace of mind for the deceased and their family. Without a will, there is often uncertainty and anxiety about what will happen to their assets and how they will be distributed. With a registered will, these fears can be alleviated as the wishes of the deceased will be followed. In conclusion, having a registered will is an important step to take for anyone who wants to ensure that their wishes are honored and their assets are protected. It eliminates potential disputes and helps to protect the assets of the deceased. It also makes it easier for the wishes of the deceased to be followed and can minimize taxes. Finally, it can provide peace of mind for the deceased and their family.

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Jobee Paul
Jobee Paul

Firm founder Jobee Paul is a practicing advocate and has several years of legal experience in Criminal, Civil, Commercial, Family Laws , Corporate, Real estate, Employment ,Consumer laws, Bail matters, NDPS Drugs cases, Adoption, Registration, Accident claims, Police matters, Agreements, Divorce , Contracts & Legal Documentation / Agreements, Divorce, child custody, Cheque Bounce,

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February 14, 2019

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Sophie Asveld

February 14, 2019

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