Wills - What are your thoughts on wills? Do you think they are necessary for everyone or only for some people? Who do you think should make a will? Do you already have a will or are you planning to create one?
Aniestla
Hello #qccommunity friends. Happy weekend and Valentine’s Day in advance. I am excited to participate in this week’s prompt, and I welcome you to my blog. Love you loads!!!
A will is a formal document stating how an individual's liquid and solid assets will be shared after their demise. I have seen Wills that include the testator's pets getting a huge sum. I have also seen Wills that included siblings, and some other extended family members, rather than just the immediate family of the testator.
Melinda Gimpel
Wills are meant to remove any confusion or quarrel that may arise from sharing the assets of a testator. It also states the sharing formula. However, oftentimes, it causes more harm than good. This is because the beneficiaries of the testator are aware of the details of the Will after their demise and may not be comfortable with them. It has torn some families apart.
Secondly, there might be frayed nerves where there is a lack of understanding and love, as individuals may start claiming more rights to the testator than others. Recently, a high-ranking CEO of one of the top-rated banks in my country of origin passed on, leaving a Will behind that is supposed to solve any asset-sharing issues among family members. However, the reverse is the case as the family has locked horns in high-ranking court cases regarding the testators’ assets. There have been allegations of doctoring and manipulation of the Will by family members. Each, pointing accusing fingers at the other.
For me, a Will is never a do-or-die affair and is not meant for everyone. Because, if one does not have assets to share, why stress the living with a Will? A will would suffice for individuals who have many assets and, from all indications, have seen warning signals to what might play out after their demise.
Scott Graham
In conclusion, the disadvantages of a Will seem to outweigh its advantages; therefore, I do not think I will have a Will because there is so much love and unity in existence in my family. I use next of Kin to define my beneficiary, and I think it suffices for me.
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