A will is a legally enforceable document that states a person’s intentions for how they want their possessions, assets, and properties distributed when they pass away.
With the use of this document, people may preserve control over how their inheritance is distributed, ensuring that their objectives are upheld and reducing the likelihood of heir conflict.
An estate plan includes wills, but an estate plan include more than simply a will. You should be aware of the drawbacks and advantages of each as they are both included in estate planning.
Individuals may manage the complexity of inheritance, reduce possible disputes, and ultimately attain more peace of mind for themselves and their family by participating in proactive planning.