ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

Leaving a Tangible Legacy: Benefits of Last Will

Updated on April 21, 2013
You can't afford the consequences of not having a Last Will.
You can't afford the consequences of not having a Last Will. | Source

“Son, there’s not much I can give you but the legacy of my name.” Does the line sound familiar? This is the usual thing dying characters in movies say when they’re about to die. However great the name is, the ‘name legacy’ is still intangible (and most of the time has no monetary value); unless, of course if your family owns a company which has its profits founded on a good name and reputation.

Intangible property – describes something which a person can have ownership of but has no physical substance.

Tangible property – is anything which can be touched.

If you love your family, better leave a listing of all your properties (they won’t have to go treasure hunting). The best way to do it is by leaving a Last Will and Testament.

Now who said Last Wills are exclusive only for the rich? Do you not own the clothes you wear? Those are your personal properties! And who doesn’t own at least one cell phone in this time and age? Your school books (if you bought them, not borrowed from the library), your Bible, and just about everything you have right now that you can confidently say your own can very much likely to be a subject of future dispute among members of the family.

Personal property – is generally considered private property that is movable.

Real property – is an immovable property or any subset of land and the improvements to it made by human efforts.

Make a list of everything you own.
Make a list of everything you own. | Source

You can choose your own beneficiaries (subject to the laws of your land)

However you want your estate be distributed to your heirs (or even friends!), you have the free hand to do so. Dying without a will automatically gives the state the permission to do the distribution. The sad thing for those who do not have legal obligations with anyone, a part of the fruits of his labors will form part of the public funds.

Don't give your family a reason to keep away from each other.
Don't give your family a reason to keep away from each other. | Source

Things left unsaid can be written

If given the chance, we’d naturally want to do the funeral planning for our own funeral; from the funeral program templates to our own make-up artist. The good thing is, you can be more specific by asking some family member (in writing) to take care of your pet and even go into the details.

You can’t afford the consequences of not having a will

The properties left by a decedent are usually the cause of a family’s disagreement. Children fight among themselves over a piece of land, wife and children argue over cash, and the list goes on. Also, it’s a bad thing already for your family to be fighting and arguing about your estate; what then if your favorite but illegitimate son does not get as much inheritance as he needs? Now that would be a thorn on your (death) bed.

Comments

    0 of 8192 characters used
    Post Comment

    No comments yet.

    working

    This website uses cookies

    As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

    For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: https://hubpages.com/privacy-policy#gdpr

    Show Details
    Necessary
    HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
    LoginThis is necessary to sign in to the HubPages Service.
    Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
    AkismetThis is used to detect comment spam. (Privacy Policy)
    HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
    HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
    Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
    CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
    Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy)
    Features
    Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
    Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
    Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
    Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
    Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
    VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
    PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
    Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
    MavenThis supports the Maven widget and search functionality. (Privacy Policy)
    Marketing
    Google AdSenseThis is an ad network. (Privacy Policy)
    Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
    Index ExchangeThis is an ad network. (Privacy Policy)
    SovrnThis is an ad network. (Privacy Policy)
    Facebook AdsThis is an ad network. (Privacy Policy)
    Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
    AppNexusThis is an ad network. (Privacy Policy)
    OpenxThis is an ad network. (Privacy Policy)
    Rubicon ProjectThis is an ad network. (Privacy Policy)
    TripleLiftThis is an ad network. (Privacy Policy)
    Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
    Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
    Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
    Statistics
    Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
    ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
    Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)