Wills

A Will is a foundation of a sound estate plan and is the most common means of transferring property to successive generations.

However, a Will only takes effect on the demise of the testator (i.e. the person creating the Will), as a result of which it is not uncommon to find its authenticity being contested in courts.

The bureaucratic process of settling probate could become stressful and face many delays.  In some jurisdictions, on application for probate, the government would value the Estate of the deceased and charge a percentage of the total value of the Estate as probate tax.