3 misconceptions on why people feel they don’t need a will
They don’t own a home or feel as though they don’t have enough assets
I'm too young and healthy
You assume that your close family and friends will know your wishes upon death
The truths that matter
Even if you don’t have assets you should have a will for the following reasons: As a parent, you need a will to guide how you want your children to be raised, whom you want them to be raised by etc.
A will is also an opportunity to outline funeral arrangements
Even if you don’t want a will you should have a power of attorney because life is unpredictable.
What is a medical power of attorney?
A power of attorney (medical) will make serious decisions for you if you are deemed incapacitated.
What is a power of attorney for the property?
A power of attorney (property) will make decisions on your property and finances.
You want to be in charge of yourself and plan for the unexpected rather than a government body taking control.
Written by: Silvianna Muscedere, Lawyer
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