A properly prepared will can help make a person’s wishes clear and reduce uncertainty for loved ones in the future. (Envato Elements pic)PETALING JAYA: While having a will can spare a family a great deal of uncertainty, simply signing one does not guarantee everything will unfold smoothly.
A useful will needs to reflect not only who should inherit but also how those assets are likely to be managed, transferred and used. When circumstances change or important roles are left unclear, a document intended to simplify matters can instead create complications.
1. Dividing property without thinking through the consequences
Leaving one property to several beneficiaries may appear equitable, but shared ownership can become complicated - even fractious - once different expectations come into play.
