Having a Will and Testament

@acelawrites (19272)
Philippines
January 23, 2019 11:13pm CST
A person who have lots of possessions or wealth should have a Will and Testament to avoid conflicts among his family. It is a legal document signed by the one who owns the property or money. Some people even relatives at that, tend to be materialistic and wanted to have a bigger chunk of the wealth, so to avoid such misunderstanding, the person should state it clear in writing as to who he will give the share of his wealth. This had become a favorite topic of dramas, movies or telenovelas; of warring families over inheritance. What do you think?
11 people like this
12 responses
@LadyDuck (502466)
• Italy
24 Jan 19
The Law here is very clear, if you have kids all your possessions go to your kids in the same amount. We have no kids, so we signed a Will, designating to whom we want our possessions to be given.
2 people like this
@LadyDuck (502466)
• Italy
25 Jan 19
@acelawrites You are not obliged to leave anything to your nephews and nieces. We can do what we want of our possessions, because we had no kids, so no grandkids.
2 people like this
@acelawrites (19272)
• Philippines
25 Jan 19
@LadyDuck it is so unfortunate that the person I was referring to was favoring some of her nephews and nieces more than her siblings.
1 person likes this
@acelawrites (19272)
• Philippines
24 Jan 19
It is lawful to have the kids as heirs; I was talking about persons who do not have direct heirs, so it is the nephews and nieces who are "contesting" to have their share.
1 person likes this
@rsa101 (40976)
• Philippines
24 Jan 19
Yes very intriguing to hear stories since many affluent families really fight for their supposed share when the will is read to them and they did not get what they wanted there will always be contesting on the legality of the will. I think this is a very sensitive issues with families who have large amount of wealth and the heirs/heiress are having interest to possess it. There the drama will always sprout out.
2 people like this
@rsa101 (40976)
• Philippines
24 Jan 19
@acelawrites That’s the tragic part of it. I think the best that they can do is read the will while the person is still alive so that when there are parties not comfortable with it they can still air their concerns and have the will change.
1 person likes this
@acelawrites (19272)
• Philippines
25 Jan 19
@rsa101 it is the best thing to do to avoid future conflicts.
@acelawrites (19272)
• Philippines
24 Jan 19
It is too sad; when relatives walk apart due to material things.
2 people like this
@SIMPLYD (90717)
• Philippines
25 Jan 19
Yes, even for the not so rich person but with some possessions and some children to be the beneficiaries, a last will and testament would be important. Siblings separate or quarrel because of lots and possessions left by their parents without a last will and testament.
2 people like this
@acelawrites (19272)
• Philippines
25 Jan 19
It is so true in many cases when parents did not sign any document stating their will for their children. It often rips families apart.
1 person likes this
@andriaperry (118793)
• Anniston, Alabama
24 Jan 19
They are good to have but they are NOT iron clad and can be contested,.
2 people like this
@acelawrites (19272)
• Philippines
24 Jan 19
Can it still be contested? I don't know so much about its legalities.
@ilocosboy (45155)
• Philippines
24 Jan 19
Its a big help actually. Siblings fight each other and even killing each other for their heir.
2 people like this
@acelawrites (19272)
• Philippines
24 Jan 19
Yes, so many stories about family feuds fighting for inheritance.
@ilocosboy (45155)
• Philippines
24 Jan 19
Will of testament really important
1 person likes this
@CarolDM (203396)
• Nashville, Tennessee
25 Jan 19
Yes it is something we all should do, I have had to seal with losing family without a will. It is a struggle that can lasts months.
1 person likes this
@acelawrites (19272)
• Philippines
25 Jan 19
It is a fact of life; and so sad to talk about.
1 person likes this
@acelawrites (19272)
• Philippines
25 Jan 19
@CarolDM I agree!
1 person likes this
@CarolDM (203396)
• Nashville, Tennessee
25 Jan 19
@acelawrites Yes but one of those important things for sure.
1 person likes this
@MGjhaud (23228)
• Philippines
24 Jan 19
I have one. It's not notarized of course, it's just for the heck of it. I started doing it in high school when I ran out of things to write in my journal.
1 person likes this
@MGjhaud (23228)
• Philippines
25 Jan 19
No, I've been doing it by myself. I rewrite it every year. For fun's sake.
1 person likes this
@acelawrites (19272)
• Philippines
25 Jan 19
@MGjhaud it's nice to have it too!
1 person likes this
@acelawrites (19272)
• Philippines
24 Jan 19
You did it when you were still too young; I presume those who write it are the elderly ones.
@marlina (154103)
• Canada
25 Jan 19
In our case, everything is done. We have 2 sons and we are leaving the bulk of our estate to them.
1 person likes this
@acelawrites (19272)
• Philippines
28 Jan 19
It will be good for them; no conflict at all.
@1creekgirl (44560)
• United States
28 Jan 19
In the US, a will is very important, whether the person is wealthy or not. It just saves greedy relatives from causing a lot of trouble.
1 person likes this
@acelawrites (19272)
• Philippines
28 Jan 19
Yes, it is very important. Thanks.
@DianneN (254926)
• United States
25 Jan 19
We have a Will and a Living Will. There should be no problems once we are gone.
1 person likes this
@DianneN (254926)
• United States
25 Jan 19
@acelawrites Exactly. We don't want the kids to have to fight or argue.
@acelawrites (19272)
• Philippines
25 Jan 19
It is good; everything would be so clear.
1 person likes this
@JudyEv (382107)
• Rockingham, Australia
24 Jan 19
In Australia, if you die without a will, the government takes over the distribution of your wealth and keeps a chunk of it for themselves.
1 person likes this
@JudyEv (382107)
• Rockingham, Australia
25 Jan 19
@acelawrites It is normally divided among the family but they take a sizeable fee for their trouble.
1 person likes this
@acelawrites (19272)
• Philippines
25 Jan 19
@JudyEv it is fair enough!
1 person likes this
@acelawrites (19272)
• Philippines
25 Jan 19
So the state benefits from those without a will; do they give some part of it to charitable institutions/private organizations?
1 person likes this
• Agra, India
24 Jan 19
Yes...this is a wise decision for anyone who wants his kids to live happily and together for the rest of their life
1 person likes this
@acelawrites (19272)
• Philippines
24 Jan 19
And the heirs should be so thankful for that gesture of love.
1 person likes this
• Agra, India
25 Jan 19
@acelawrites yes..they should rather would be
1 person likes this