Making a Will Won't Kill You

Why Shareholders of BVI Companies and the Owners of BVI Real Property Should Consider Executing Wills

Many people tend to put off the preparation of a will to a future date, but there are numerous reasons to grab the bull by the horns, not least because having an up-to-date will often tends to give people peace of mind, knowing that their affairs are in order and that their loved ones will be taken care of.  These are some of the reasons why the preparation of a will should be considered sooner rather than later:

• An appropriately drawn up will should, in most cases, enable the owner of the BVI property, such as shares or land, to select who inherits it rather than leaving this to be determined by 'one size fits all' provisions in the relevant intestacy laws. The latter will in most cases probably not reflect precisely how the owner wishes his or her assets to be disposed of following death. Executing a will is especially important if you have children or others