Estate planning is a crucial endeavour for every adult, allowing them to shape the destiny of their assets after they pass away. It is an act of kindness towards their loved ones, providing clarity on their wishes. Two primary avenues for achieving this are trusts and wills, each serving the purpose of asset distribution upon one’s demise, albeit through distinct legal mechanisms.
Many of us tend to get emotional when asked if we had written a Will, reminiscent as it is of death. Consequently, estate planning, particularly creating a will, is often disregarded as an essential task. Moreover, the process of writing a will is commonly perceived as complicated and irrelevant. However, it is important to recognize that making a will is a responsibility you owe to both yourself and your family.