Wills important 'regardless of wealth'

People need to write a will no matter how much money they have to leave behind.

This is the suggestion of Kathleen Banse, a guest columnist for the San Antonio Express News website, who said that the documents are required to ensure property is distributed according to a person's wishes.

"It's important to write a will, regardless of the value of your possessions," she wrote.

Funeral arrangements should be included in the document, as well clear instructions about how items should be apportioned out, Ms Banse advised.

In addition, an executor should be designated to manage the administration of the will and ensure that the wishes are followed, she recommended.

The final thing to remember is to make sure that the will is reviewed every few years and amended where appropriate.

Wills are commonly modified when significant changes of circumstance take place, such as marriage and the birth of children.

Published on: June 30, 2009

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