Estate planning is more than just deciding who gets your belongings. There are surprising legal rights and nuances about how your assets are distributed, who should be named in your will, and how to handle different aspects of your estate. In this blog, we dive deeper into these little-known facts that can impact your estate plan. In this blog, we explore two of them.
- You have the right to determine who will inherit. Freedom of testation is an integral part of the law of succession. Your will must clearly and understandably give effect to your intentions. The passing of someone is a difficult time for loved ones. The cost and trauma associated with an ambiguous will have a further negative impact. Origin offers expert guidance on how to document these decisions properly, so your intentions are clear, understandable, and sensible given your specific circumstances.
- Your Will is only one aspect of your estate plan
A comprehensive estate plan involves more than just your will. Certain assets, such as retirement accounts or life insurance, may pass directly to designated beneficiaries. Origin provides a holistic approach to estate planning, ensuring all of your assets are covered, including those not handled by your will.
In summary
These facts shed light on the complexities of estate planning that often go unnoticed. It’s vital to approach your will and overall estate plan with a thorough understanding of what’s involved and, more specifically, your specific and unique circumstances. Our final blog will cover how life changes and modern digital assets impact your will.
If you have any questions or need assistance with your Will and Testament, you can send an email to wills@originfin.com for assistance.
Contact the Origin Group today for assistance and ensure your will and affairs are in order.
