Law For All TT
  • Home
  • About
  • Contact us
  • Our Services
  • Our Team
    • Cari Chandler-Martin
    • Peggy Francis-Pierre
    • Christine St. Marie
    • Shemica Bravo
  • Vacancies
  • FAQs
  • Recent Articles
  • JOIN OUR COMMUNITY
  • Search
  • Articles by Category of Law
    • Business Law
    • Civil Law
    • Constitutional Law
    • COVID-19
    • Criminal Law
    • Divorce
    • Employment Law
    • Family Law
    • Immigration Law
    • Land Law
    • Landlord & Tenant
    • Legal Documents
    • Road & Traffic Law
    • Tort Law
    • Will & Probate Law

6 REASONS WHY YOU SHOULD MAKE A WILL

8/5/2020

0 Comments

 
Picture
Picture
CONTACT US HERE
Share This:

​A will tells everyone what should happen to your money, property and possessions after you die (all of these things together are called your ‘estate’).

Thinking about making a will seems like a morbid subject. However, life is uncertain and we don't know when we may go. So here are six (6) good reasons why you should consider making a will: 
1. You get to decide how your estate would be distributed amongst your loved ones.

If you die without a will there’s no guarantee that your intended desires would be carried out. If you don’t leave a will, the law (the Administration of Estates Act to be exact) determines who your estate will be distributed to and this might not be in line with your wishes.
Picture
Picture
2. You get to decide who will wind up the affairs of your estate. 
​
​When you create a will you can choose who would be the person in charge of administering your estate; this person is known as the “executor.” The executor makes sure all your affairs are in order, including paying off your outstanding bills and notifying the bank and other business establishments of your death. The executor also distributes the different parts of your estate to the persons you intended it to be left to. You would want to appoint someone who is honest, trustworthy and organised (who may or may not be a family member). ​
Picture
3. You can make gifts and donations.

​Having a will allows you the option to donate part of your estate to a favourite charitable organisation or cause that is important to you. Doing this allows your legacy to live on and reflects your personal values and interests.
Picture
4. You can disinherit persons who would otherwise stand to inherit. 

If you die without a will, the Administration of Estates Act will determine how your estate will be distributed. This opens up the possibility of persons you don’t desire to get a share of your estate getting a share, for example, an estranged spouse that you separated bitterly from but never divorced. By having a will you can disinherit certain individuals because wills specifically outline how you would like your estate distributed and exactly to whom.
​5. You can change your will as life circumstances change.

​Once you’re alive and mentally sound, you can change your will if you wish to. A will can be revoked and a new one made to replace it. Life is fluid and changes such as births, deaths, divorce or purchasing more property can create situations where changes to your will are needed (and can be made).
Picture
6. You can make a difficult time less difficult.

​Losing someone is incredibly difficult, and the last thing any of us want to do is spend those hard times arguing with family members. Having a will helps to minimize any family confrontations and fights about your estate that may arise. A will provides a set guideline as to who gets what and gives your family members clarity as to what your desires were in regard to your estate.
Important Notice: This post does not constitute legal advice. Always consult with an attorney on any legal problem or issue.

​This website is managed by AURORA Chambers; a law practice in Trinidad and Tobago.

Click HERE to receive updates straight to your inbox by subscribing to our newsletter.
Picture

YOU MAY ALSO LIKE TO READ:

WHAT HAPPENS WHEN SOMEONE DIES WITHOUT LEAVING A WILL?

CAN GETTING MARRIED AFFECT MY WILL?

CAN I MAKE MY OWN WILL?

WHAT DOES DYING "TESTATE" AND "INTESTATE" MEAN?

MY COMMON LAW PARTNER HAS DIED WITHOUT A WILL. HOW DO I ENSURE I RECEIVE A SHARE OF MY PARTNER’S ESTATE?
0 Comments



Leave a Reply.


    Categories

    All
    Administrative Law
    ADR
    Business Law
    Civil Law
    Constitutional Law
    Contract Law
    COVID 19
    Criminal Law
    Divorce
    Employment Law
    Estate Planning
    Family Law
    Human Rights Law
    ICT Law
    Immigration Law
    Land Law
    Landlord & Tenant
    Legal Documents
    Popular Posts
    Road & Traffic Law
    Tax Law
    Tort Law
    Will & Probate Law

    Archives

    May 2025
    April 2025
    March 2025
    November 2024
    August 2024
    June 2024
    May 2024
    April 2024
    March 2024
    February 2024
    December 2023
    October 2023
    September 2023
    May 2023
    April 2023
    January 2023
    October 2022
    September 2022
    May 2022
    April 2022
    March 2022
    June 2021
    December 2020
    September 2020
    July 2020
    June 2020
    May 2020

    RSS Feed

LawForAllTT.com

Our Services
Contact Us
Search
​
Blog
Home
​
Privacy Policy
Comments Policy
IMPORTANT NOTICE:  LawForAllTT.com contains general information about the laws in Trinidad and Tobago. Nothing on these pages constitutes legal advice. Always seek consultation with an attorney for your specific legal concerns as only a professional familiar with the details of your situation can provide proper guidance.
CONTACT US:
BOOK A CONSULTATION
Email us: [email protected]
Call: (868) 236-6197, WhatsApp: (868) 374-2905
​
44 Eastern Main Road,
St. Augustine,
Trinidad.
FOLLOW US:
© COPYRIGHT 2020 - 2024 LAW FOR ALL BLOG, www.lawforalltt.com
Managed by the AURORA Chambers Legal Practice 

​ALL RIGHTS RESERVED.
  • Home
  • About
  • Contact us
  • Our Services
  • Our Team
    • Cari Chandler-Martin
    • Peggy Francis-Pierre
    • Christine St. Marie
    • Shemica Bravo
  • Vacancies
  • FAQs
  • Recent Articles
  • JOIN OUR COMMUNITY
  • Search
  • Articles by Category of Law
    • Business Law
    • Civil Law
    • Constitutional Law
    • COVID-19
    • Criminal Law
    • Divorce
    • Employment Law
    • Family Law
    • Immigration Law
    • Land Law
    • Landlord & Tenant
    • Legal Documents
    • Road & Traffic Law
    • Tort Law
    • Will & Probate Law