Last Will and Testament

So you have picked your destinations, booked your tickets, made an itinerary and saved up your spending money. You are ready to go and experience the adventure of a lifetime. While it is easy to get swept up in the excitement of this adventure, it might be worthwhile thinking about some other important things – like making or amending your will.

• Have you already made a will?

If so, then now is the time to update it. Have you accrued more assets in the time since you first wrote your will? Have you met your significant other and he/she is not included in your will? Will contests can be avoided if you update before you go abroad. And you will have peace of mind knowing that your loved ones are cared for, and your assets are distributed in the way you wish them to be, if something happens to you.

• If you don’t have a will – why should you make one?

Yes, it can be boring and you are still young, so what is the point? Well if you own property, a business, have investments, have children and own significant assets, then it is vital that you stipulate who inherits these assets if something happens to you when you are abroad. If you are not married and cohabiting with someone, then that person would not be entitled to inherit any of your estate, should something happen to you. If you have children, then you can appoint a guardian in your will that the courts would have to abide by.

This is something that you probably won’t want to think about now, but it will save your family and friends some stress and hassle in the long run. Speaking with will ensure that the simplest of problems can be avoided, if the proper procedures are followed when putting together a will. So you can go off on your adventure, carefree (whilst being responsible!), knowing that everything has been taken care of.

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