Bequest of the property is a procedure of utmost importance both for the testator and for those to whom they plan to transfer their belongings. This juridical document serves as a written order that grants the right to a unilateral transaction through which an individual can dispose of their property – movable or immovable – after their demise. The essence of the last will and testament is that the estate-leaver makes a decision at present and the inheritors indicated by them will have the right to use their shares of the wealth after the testator is laid to rest. The law declares freedom of the last will.
On the important note, a last will and testament template can be used not only to provide a secure future for your children but also for other purposes. Thus, it is also possible to establish a business continuity plan or set up a testamentary trust to protect your legacy, offspring, or a life partner. Considering all the information mentioned above, you really should draw up a last will and testament. However, what happens if you don’t?