Unfortunately, we all have to prepare for a scenario where we will no longer be in this world; With or without a will it will happen to us. The question isyou want to leave problems and costs for the people you say you love or better not?
We are already in September, the month of the testament. There is no better time of the year to approach your trusted notary and take advantage of the discounts to draw up the will; It is something simple and fast.
If you have something of value to inherit and want to make sure each of your beneficiaries receives exactly what you want to leavethere is no other way, you need a notarized will.
The first step is to take a notebook or open an Excel sheet on the computer and begin to identify and record all your belongings in detail. For example: real estate, automobiles, art, jewelry, stocks, bank accounts, investments, retirement accounts, insurance, sentimental items, etc.
It is very important that all your financial and insurance documents are up to date and that they show the full names and the corresponding percentage that each beneficiary will receive; At the end of the day, they will give preference to the people and amounts that are stipulated in the contracts and not to the will, so having clarified that point, you already know that it is very important to have order.
Keep in mind that many loans can have insurance included, for example, a mortgage loan, credit card and car loan. If you were to die and there is no other person responsible for the debt, the insurance will cover the remaining debt of the credit and the material good will pass into the hands of the person(s) designated. Super!
Other things to look at so as not to leave problems is that all your documents and valid official identifications appear with your full name and signature; these must coincide with those reflected in all your documents and contracts, if not, update them quickly.
Even if you don’t like it, inform your beneficiaries that you are going to leave them something and keep the corresponding documents in order in a safe but easily accessible place so that later it is not a problem to find them.
All these actions will facilitate the existence of your heirs; there is no point in making life more difficult for them; They will have enough to carry with the mourning, the funeral, etc.
If you are an entrepreneur, your company is part of what you can inherit, so it is advisable to also a business succession plan so that whoever arrives does not thunder the company.
Remember that if you married under the conjugal partnership regime, the assets belong to both of you equally, even when only one of them appears as the owner or owner. In this case, it is very important that both make their will, since in this way, each person can dispose of what corresponds to them.
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Also think carefully about who you will name as executor; The main function of this person will be to monitor compliance with the will.
Finally, if you have minor children, it is vital that you appoint a guardian who will look after the interests of your children until they have reached the age of majority.
These people should be aware and in accordance with the responsibilities that they will assume if necessary.
Editor’s note: This text belongs to our Opinion section and reflects only the author’s vision, not necessarily the High Level point of view.
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