Today, the creation of a will is, for an increasingly large number of people, part of the planning of one's own life, preparing for the future and taking care of the people and things that are important to oneself. It is never too early to make a will. If one's life situation changes, it is always possible to prepare a new will to replace the old one.
It is a good idea to use the services of an expert when preparing a will. A will is a legal document of a set structure which may become invalid if there are errors in its format. Wills may be used to allocate property in a very detailed way. For example, it can be made to cover one`s entire estate or only part of it.
Without a will, the assets are divided among the heirs in the order of succession. The legal succession sequence can only be changed through a will made while one is still alive. If the deceased has no heirs and has not created a will, the property is ultimately transferred to the state.
It is also possible to include in one’s will parties other than those that are part of the order of succession. For example, part of the assets can be bequeathed for the benefit of a cause or party that is important to oneself. Bequests are one way to impact the lives of future generations in an area that is important to oneself.
Last updated: 2.10.2019