What is the purpose of making a will?
This is a question that is frequently asked. What exactly is the objective of making a will? What motivates us to do this?
Making a will is a very personal decision to make. It is not my responsibility to persuade someone that they should prepare a will. To be honest, I created a will because I believe it is a gesture of concern and affection for the individuals who would be left behind after I pass away. Other folks are motivated by different factors. Some of these reasons for making a will have already been discussed elsewhere on this site.
Rather of obsessing on my own opinions, I decided to check into what the experts had to say about the matter. It has been published by the Society of Trust and Estate Practitioners (STEP) what they consider to be the most important reasons to prepare a will. (more…)