Important Factors, Location of a Will, Consult a Lawyer

Important Factors

In the absence of a will, the law in your jurisdiction and the Probate Court decides how you assets will be handled.
If you die without a will (called INTESTATE) most countries and states have a fixed formula for allocating your assets. It is very unlikely this is how you would have chosen to do it.

Many legal experts will confirm that too many drafted wills cannot be properly executed because they cannot be found.

Expensive and often futile searches are made by executors and their solicitors for the will and Safety Deposit Box after the death of the testator.

People today travel more frequently, change occupations, and move to other regions of a country or perhaps to a new country.

Sons and daughters and wives often don't know where the testator does their banking, "IF" they have a will, where it is kept, along with other important documents, thereby adding further grief and anxiety to a family following a death.

Location of Will

Register the location of your will, so your loved ones, or whomever has the task of searching for the will, can find it without much grief, time wasted, or burdensome legal searches when the time comes. You can register a Will anywhere in the world using The Worlds Wills Location Registry.

Consult a lawyer you have used or a trust company or a credit union you have used. Their initial discussions most often are free.
Discuss your property holdings with your bank.
Review your life insurance portfolio with your underwriter.
Follow their counsel, after it is tailored to your own needs.

Scenarios

Often times, the will and testament don't emerge after the death of a testator. Here are some possible reasons why:

(a) The custodian of the will does not learn of the death of the testator.

(b) No record or memo is found in the papers of the testator indicating the existence whereabouts of his or her will.

(d) The present custodian never knew about having custody of the will, which was drawn years ago by one of his or her predecessors.

(e) The testator had personal custody of the will, has lost it.

(f) The testator had personal custody of the will but it was hidden or destroyed by a surviving member of the family who was therein disinherited.

(g) The will was placed in the safety deposit box of the testator, the bank did not know of the death of the testator.

(h) The surviving relatives insist that the testator told them a will was made and left it with a lawyer or trust company as custodian but such custodian cannot be ascertained.

Decide that you do not know all the answers and look for assistance. Bequeath priceless peace of mind to your loved ones.

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