With the current state of the world, I started thinking about what happens if I move on from this world unexpectedly or earlier than I’d like to.
I’m 42 and feel I have a few decades remaining.
Naturally, realizing I don’t have a will entered my thoughts, along with the complications that are caused by that.  I want full control over what my family and loved ones receive and to have it done quickly and properly.  Not having a will nixes the aforementioned.
I did some digging and spoke with a lawyer who practices in the area of wills and estates.  Here’s why you should have a valid will created much sooner than later.

A valid will makes clear who gets what, removing the risk of an estranged relative/friend/partner making a successful claim against your estate after you die.

A valid will makes the grieving process easier with one less thing for your family/loved ones to worry about.  Without a valid will, administration of your estate after you die can be lengthier, more expensive, and less predictable.  Without a valid will, estate trustees and beneficiaries and how estate assets will be split among beneficiaries will be determined by operation of law rather than by you.

If you’re an entrepreneur or business owner, a valid will simplifies the process of who inherits the business, what happens to the business and the division of responsibility, assets and finances.

With a valid will, you select the executor (estate trustee), namely, someone you thoroughly trust to carry out your testamentary instructions.

It provides crystal clear clarity for every item you include, regardless of size or value. If you want to have your best friend to have your favourite piece of art, if you want a portion of your inheritance donated to a specific charity/cause, or anything in between, having a will makes your specific wishes and direction known and carried out.

Will planning is a crucial aspect of estate planning, which can reduce your tax burden when dividing/selling your property/properties.