With this quote in mind, one should give the fact some thought that every day can potentially be the last day of a person’s life. Although one can obviously not sit on the fence and observe what happens after one’s life ends, it is advisable that testamentary dispositions are made if one does not want the law of intestate succession to determine what is to happen with a person’s worldly possessions.

In general, a will should be drafted as simply as possible, but as comprehensively as necessary in order to facilitate the smooth administration and distribution of a person’s estate after the terminal disease has been overcome. In fact, if the worldly possessions exceed the level of a normal mortal’s pocket, Estate Planning is the only way to ensure that as much as possible goes to those who are deserving in the deceased’s mind, not the Minister of Finance.

Team specialist

Kay Schröder

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