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Disputes over deceased estates can arise even in the most harmonious families.
Drafting a will is an essential step in estate planning to ensure that your assets are distributed according to your wishes and to protect the interests of your loved ones.
When a person passes away, their debts don’t simply vanish. Instead, they become part of the deceased estate, which includes all the deceased’s assets and liabilities. Managing these debts while ensuring the fair distribution of remaining assets to beneficiaries is a key aspect of deceased estate administration.
The primary purpose of having a valid will is so that the testator can have the benefit of prescribing the division of his assets to only the beneficiaries he/she desires. In this way, having the assets of the deceased in the wrong hands after his/her death is avoided.
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