![]() ![]() Payment of debts: The Executor can use the money of the testator to pay off his or her debts. Investing: Can decide to invest or not invest your property.ĭelegation and agents: The Executor can employ attorneys, accountants, and other such agents. ![]() Retention of property: The property remains in the discretion of the Executor.ĭealing in estate assets: The Executor of a will has the right to sell, lease, exchange property etc.īorrowing: The Executor has the right to borrow money to administer the estate.ĭistributions to minor incapacitated beneficiaries: The executor can distribute parts of the assets to a minor or someone that is incapacitated.ĭistributions in kind: The Executor can make distributions in money or in kind. Not writing a Will before you die means a court-appointed administrator decides who receives your possessions. ![]() People who fall into these categories are especially in need of a Will:Ī good question to ask yourself, is what happens if I don’t write a Will? Who Needs a WillĪ Last Will and Testament is an extremely helpful legal document that just about any adult should make. Underage children are also protected when parents sign a Last Will and Testament, as you can assign them a legal guardian. This leads to fewer arguments over the ownership of your assets and property when you pass on. It gives you and your loved one's peace of mind and security, knowing you have made the decisions for where your belongings go. So Why Should you Make a WillĪ Final Will has key uses that make it essential for anyone interested in passing on and protecting their belongings. While what happens to your estate and possessions after your death may not seem important now, not signing a Will has some serious consequences. A Will is an essential legal document for a few different reasons. ![]()
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