Why should we make a will?

“Why should we make a will? Because with this act, you are able to express your wishes for your property after your death, making it easier to distribute your inheritance and limit disputes later on…”

In our country, making wills is not yet common. The main reason is that people still do not fully understand the importance and the meaning of the Will.

Most people still have opinions such as:

I am young and healthy, why should I make a Will?
My assets have been divided equally among my children.
Siblings in the family have no reason to fight for property as it affects the family bonds.

However, in fact, making a Will helps a lot. Thanks to the will, we are able to clearly distribute assets, limit unnecessary conflicts and disputes, thereby helping maintain the relationship between family members.

In this article, let’s learn more about wills with PL & Partners Law Firm and the reasons why you should make a will.

*Making a will can help ensure the rights and benefits of you, and also your loved ones.*

1. WHAT IS A WILL?

First, let’s find out what is a will (also called a testament) .

Pursuant to Article 624 of the Civil Code 2015, a will or a testament is an expression of an individual’s wishes to bequeath his/her property.

Simply put, a will is a document expressing a person’s wishes for his or her property after he or she dies.

Accordingly, a person can make a Will to express his or her wishes and intentions regarding personal property upon his/her death.

For example: Mr. A can make a Will to make decisions on his property upon his death. Specifically, he can divide assets according to a certain ratio, or disqualify someone from inheriting.

*Thanks to wills, we can clearly divide assets, limit unwanted conflicts and disputes.*

2. WHY SHOULD WE MAKE A WILL?

2.1. Wills help express your wishes for property upon your death.

In case a decedent doesn’t leave a Will, his/her property will be divided according to the law, or more specifically, divided according to the order of inheritance.

This situation will sometimes not be in line with your wishes for inheritance upon your death. Sometimes you want to distribute more property to a person than the others . Or even leave the entire property to a single person.

If that is the case, you will need to make a Will as having one helps your wishes be carried out and protected by law.

2.2. Wills help clearly define and divide the inheritance.

A legal and detailed will can make the process of division of inheritance much easier.

The law always respects and protects the rights of those who leave the inheritance and their wishes for the distribution of their inheritance. Therefore, making a will is a wise thing to do to ensure that their inheritance are divided correctly and in accordance with the wishes of the testator.

2.3. Wills help limit conflicts.

As mentioned above, if a person dies without leaving a Will, their assets shall be distributed under the law. Such property can be real inheritance, movable property, debt collection rights, etc. and is collectively referred to as inheritance.

However, not everyone knows the exact legal provisions to distribute inheritance by themselves under the law. That is where conflicts will easily arise from, specifically disputes in property valuation, disputes in determining inheritance, etc.

In contrast, a legal and clear Will can minimize conflicts between members during the division of inheritance.

Thus, making a Will is really necessary. A will can help ensure the rights and benefits of you and also your loved ones. Make a Will even when you are in good health and sane because none of us can predict what might happen in the future.

Besides, you totally have the right to edit your will when needed.

If you are wondering how to make a legal will? Please contact PL & Partners using the following information:

If you need legal assistance, please don’t hesitate to contact us at: