Having a Will for tangible assets really a priority to be done yesterday.
In our country another added is "A Living Will" wherein you are able to clearly state your last wishes of not being kept alive on equipment. This clause can save family the extreme expense of keeping a loved one in state of limbo.
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Yes, we too have that, where your assets are safe with you till the time you are alive and after that passed on to the nominee. This is a better way of safeguarding your own interest
That is how it should work, making sure elderly are looked after, assets split once they are gone, according to their wishes.