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    Categories: Retirement

Creating a Will Leaves Family with More Than Just Assets

Besides both being inevitable, death and taxes have another thing in common: no one wants to be reminded of them. That’s why so many people mail their taxes late and die without creating a Will.

The sad fact is that those individuals who don’t prepare a Will leave behind more than grieving loved ones. They also leave a legacy of potential legal problems, family disputes, and mixed emotions because when they die the decisions on how to divide their property are left up to the courts and the government. Even if the deceased had always promised to leave a certain heirloom to a niece or give the family home to the youngest son, those wishes aren’t enforceable if they aren’t in writing.

The bickering and fighting over the distribution of a deceased loved one’s property can and has broken apart entire families, not because of greed or selfishness, but because each person wants something special to remember their loved one by and to pass on to their children along with stories about the good times.

The tragedy is that all the turmoil these families experience could be prevented if more loved ones cared enough to leave their last wishes behind in a written Will instead of using excuses like “I don’t have a lawyer,” “It costs too much,” or “It takes too long.”

Luckily, those excuses don’t apply any more. Digital Wealth Media offers individuals their own Wills without lawyers and without leaving their homes. They complete the form according to their wishes and do not have to wait weeks or months to receive the finished document. In fact, completing the form usually takes less than 5 minutes. Another benefit of the service is that it’s affordable and doesn’t cost anywhere near the $500 most lawyers charge. Overall, it’s a simple process for something very important: the security of knowing that their final wishes will be carried out.

Even with this service, some people may think they don’t need a Will because their assets are limited to only a few personal items and maybe the contents of a meager chequing account, but even those things which they take for granted now Will become priceless to those they leave behind.

In the end, when a loved one is lost, all those left to mourn have only memories and some of their personal belongings. However, if the deceased didn’t have a Last Will and Testament, they may not be left with even that.

Posted by: Phil Barker: Phil is a leading expert in life annuities in Canada. His website Life Annuities.com is a recognized authority on annuities. Recently, he's been redefining how annuities are sold in Canada.