Orooj Financial

1.What is a WILL?

Will is a professionally prepared document that clearly states the distribution of your assets after your death. The assets are primarily real estate, finances, investments and personal belongings. Your Will is flexible and can be changed at any time. It comes into effect only after your death.

2.Who should consider a WILL?

A Will is designed to distribute your assets according to your preferences. If you don't have a Will, legally your assets will be distributed according to provincial intestacy laws. If the Will is unclear or not professionally prepared in accordance to legal terms and conditions, there are extra legal costs and government claims on your property.

3.Benefits of a WILL

A Will is important for every adult for several reasons:

  • You can control the distribution of your assets. Without a Will, your assets will be distributed by the provincial government.
  • You can minimize legal fees, taxes and government claims on your assets.
  • You can leave sufficient finances for your spouse and children to ease their burden.
  • You can divide your assets fairly between your spouse, children and relatives in accordance to your preferences.
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