Did you know that your Last Will and Testament has more in common with divorce agreements than with any other document known to mankind?
Think about a divorce agreement for a moment.
The two parties choose to go their separate ways. They haggle back and forward over who gets what, and finally they sign an agreement to that effect. If they can’t agree on who gets what, then the asset is usually sold and the proceeds split between the two.
Now let’s think about your Last Will and Testament for a moment.
Once again there are two major parties who have no choice but to go their separate ways (Yes, it happens to the best of us). This time, however, there is no haggling over who gets what. Pretty much all is said in your Will which ends up doing all the speaking for you.
The major difference with a Will is that there are often more than two parties involved.
In this article we will look at some of the more common situations which need to be addressed in your Will, specifically if you have a family.