In Nigeria, writing a Will is often seen as a dark topic, surrounded by superstition and reluctance. However, exploring the process reveals many insights and benefits that are rarely talked about. Here are three secrets that explain the importance and nuances of having a Will in place.
Not An Exclusive Reserve of the Old & Wealthy
One of the secrets of Writing a Will is the empowerment it provides. Despite the common misconception that wills are only for older adults and the rich, they are open to anyone who has reached the age of 18 in Nigeria. A will covers your valuable assets—farmland, vehicle, savings, pension fund, etc. You do not need to wait until you become a multi-millionaire to have a will.
Writing a will gives you a sense of control and resolution over your little assets and affairs. It allows individuals to specify exactly how they desire to transfer whatever they have to their loved ones, the care of their dependents, and other essential matters.
By taking proactive steps to document their intentions, individuals can ensure that their legacy is preserved according to their wishes rather than leaving such decisions to the chance of an undesirable arbiter. This sense of control can provide peace of mind and alleviate concerns about the future for the testator (a person who has made a will or who has died leaving a valid Will) and their loved ones.
It unlocks access to your bank account in your eternal absence
Having a Will unlocks access to your bank account in your absence, dispelling the myth that naming a loved one as a next-of-kin guarantees automatic access to your funds in the event of unforeseen circumstances. Regardless of the account balance, everyone desires their assets to be preserved and transferred to their chosen beneficiaries in case of their passing.
Many Nigerians have operated under the misconception that designating a next-of-kin in bank documents ensures legal access to funds for another beneficiary upon death. However, according to the law, without a will, beneficiaries can only access funds from a deceased individual’s bank account if they can present Letters of Administration from the Probate Registry of the High Court of the respective State. A will is a more effective financial instrument, facilitating a streamlined process for transferring accounts according to the testator’s wishes.
A minimum wage earner can afford Will-writing
For those thinking it will cost an arm and a leg to afford Will-writing, we have news for you. The truth is you don’t need to have it all to have a Will. If you have anything of value, anything worth passing on, then having a Will is a must! This is where Leadway Capital and Trust comes in.
Imagine if I told you that drafting your Will could be a hassle-free experience, effortlessly handled by a trustworthy organisation like Leadway Capital and Trust. Believe it or not, it’s true! By entrusting your Will to Leadway, you can bypass the complexities of navigating bureaucratic red tape. Better still, this process can be completed digitally from your smartphone in as little as 30 minutes and for as low as N21,500 (Twenty-One Thousand, Five hundred naira only).
Indeed, Leadway Capital and Trust is making Will-writing services accessible to people from all different backgrounds, tailored to their specific needs and budgets. Would you like to learn more?
For more details about their services, please go to https://www.leadwaycapital.com/iwill/ or scan the QR Code provided. You can also reach out to Leadway Financial Management Experts at 01-2801-420 or email [email protected] for expert advice and guidance.
