There are bound to be things that we need to leave behind. If we can plan well ahead while we are still alive, there is no need for other people to second guess our intentions or wishes. Being able to do so is a big relief for anyone of us.
A Will is a legal document. It enables the person making the Will to set out how his/her assets are to be distributed and how the appointed executor(s) manage and distribute such assets after his/her death. Nevertheless, the law empowers the Court to make orders to make financial provisions from the estate for family members or dependents. If the estate involves assets in a foreign country, such assets will be governed by the succession law of the country concerned. If a property is jointly held by two persons, it will be passed to the surviving party notwithstanding what is said in the Will in respect of the property.
Legal expert Mr Peter Tsang has provided comprehensive details about the advantages of making a Will and the arrangements under the law if no Will is available. Please refer to his
Special Article.
Contents of a Will
A Will usually contains the following, with all intentions set out in writing:
