Where there is will, there is no possibility of war over the inheritance. (Pun intended!)
It takes years of savings, the right strategy, wise investment planning, and good money habits to accumulate a good amount of wealth. However, the same wealth can become grounds for war if you havenâ€™t left an unambiguous set of instructions regarding what would happen to your finance once you have stepped into the afterlife.
Donâ€™t believe us? Letâ€™s listen to this old story of â€˜A Wise Man, 17 Camels, and 3 Sonsâ€™.
Be all ears, folks!
An old man owned 17 camels. It was his entire property which he left behind to his 3 sons when he died. In his will, he wrote that his property should be divided as follows:
The oldest son should get half of the camels, the middle son should get one-third of the camels, and the youngest one should get one-ninth of the camels.
The sons were muddled as the results were coming into fractions. If they divide the property according to their fatherâ€™s will, the elder son gets 8.5 camels, the middle one gets 5.66, and the youngest one gets 1.88.
Now, obviously the camels cannot be divided like this. So, the sons turned to a Wise Man for advice.
â€œNo problem!â€ said the Wise Man. â€œAdd my camel to yours and see the scenario once again.â€
â€œHow many camels do you have now?â€
â€œEighteen,â€ they all said.
â€œGood,â€ the Wise Man said.
He looked at the eldest son and said, â€œHalf of the eighteen is nine â€“ so you take nine camels.â€
Nine camels remained. Then he looked at the middle son, â€œYour share is one-third of total camels, i.e. six – so you take six camels.â€
Finally, he looked at the youngest son, â€œYour share is one-ninth of the total camels i.e. two – so you take two camels.â€
Now there remained only one camel, the Wise Manâ€™s camel. Thus, he successfully divided the old manâ€™s seventeen camels amongst the three sons as per the shared decree in their fatherâ€™s will.â€
Leaving a will like the old man is the last alternative anybody would think in this present time. Of course, neither you have 17 camels, nor there is a wise man who would come to rescue your children!
However, having a will can save your family and loved one’s litigation, disputes and unfair distribution of assets among your heirs.
For instance, you may want your minor son to have half of your savings for his higher studies. However, assume the situation if you donâ€™t leave a will before moving to the next world and your property needs to be divided amongst your three children. In such a case, your minor son will get one-third of your savings against what you had wished. Unfair? Ainâ€™t it?
If only sending a will in written form from heaven would be an alternative!
In the worst case, your children may not have even idea about your finances.
Death usually comes unwarned and doesnâ€™t give you time to prepare for your journey to the next world. Not everyone gets time to prepare a will in their last moments. Those who get are lucky as it keeps their children and loved ones protected even when they had left this world. In addition, donâ€™t live under an impression that all the estate will be automatically passed on to your spouse after your unfortunate demise. You children and sometimes even relatives can stake a claim to the property that would be last thing you would wish when you had already left this world.
If you are still not serious regarding the distribution of your property, assets, and belongings; answer a question.
Do you want to pass on your wealth to your legal heirs fairly or let your loved oneâ€™s fight with each other to get their shares?
Making a will is a morbid thought many of us donâ€™t want to even think of. However, when making a will is just a few clicks away, you cannot cause inconvenience to your family members because of your laziness. Yes, to you and your family memberâ€™s relief, Avivaâ€™s Will Writing Service enables you to create a will in three simple steps. Easy peasy and free of cost! Just list your personal & asset details, allocate your beneficiary, and generate your will.
The world has become tech-savvy, and so does the will writing. Write your free Will and bury the hatchet in the first place for your loved ones. A clear set of instructions regarding how to dispose of your property in your absence eliminates disputes and saves your loves ones from going helter-skelter to lawyers and spent money and energy.
After all, where there is a will, there is a way!
Featured image source: Freepik