WillMay 5, 2023by Finex & CoMy Will can still be challenged, what’s the purpose of writing it?

Even though a Will can be challenged, it is still an important legal document that provides a clear expression of your wishes in regards to the distribution of your assets after your death. Here are a few reasons why having a Will is still important:

  1. Control over asset distribution: With a Will, you have control over who will receive your assets, how they will be distributed and in what proportion. Without a Will, your assets will be distributed according to the Distribution Act 1958, which may not reflect your wishes or desires.
  2. Protect your minor children: A Will allows you to nominate a legal guardian for your minor children. This ensures that they will be cared for by someone you trust and who shares your values and beliefs.
  3. Avoid family disputes: A properly drafted Will can help minimize disputes among family members over your assets. It provides clarity and reduces confusion about your intentions and instructions.
  4. Minimize legal costs and delays: A valid Will can simplify the probate process and minimize legal costs and delays for your heirs and beneficiaries.
  5. Peace of mind: Having a Will can give you peace of mind knowing that your assets will be distributed according to your wishes, and that your loved ones will be taken care of in the way you intended.

In summary, while a Will may be challenged, it still serves as an important legal document that can provide clarity, control, and peace of mind in regards to the distribution of your assets and the care of your loved ones after your passing. If you do not make a Will, your assets will only be distributed according to the Distribution Act 1958. This process is complicated and time-consuming, and worse still, the people designated to receive your assets may not be according to your wishes.

Therefore, do not refuse to make a Will just because of the small chance that it may be challenged.

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