Mini Essay Question

1, Discuss the significance during the lifetime of a will-maker of drafting a Will, and why people have a misconception of the benefits of a Will, which is why people avoid / procrastinate to draft a Will?

ANSWER:

2, In terms of liabilities of the deceased will-maker, mention 5 obligations continue to fall on the executor on behalf of the deceased (as the personal representative of the estate) (hint: we discussed these items during our lecture related to Creditors)?

ANSWER:

3, At least a dozen assets that can pass outside of a Will, mention 5 assets that can pass outside a Will?

Answer: