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Do I need a will if I have few or no assets?
Even if you do not own property, a vehicle or other large assets, something like your Current Account is considered an asset and will therefore form part of your estate when you pass away. However, a will is more than a legal document that sets out how your assets should be distributed. You can use your will to make your final wishes clear, e.g. whether you want to be buried or cremated, whether you are an organ donor, or to nominate your chosen guardian(s) for your minor child(ren), if applicable. Also remember that your personal and financial circumstances could change over time, so it is a good idea to review your will at least once a year. The bottom line is that everyone aged 16 or older should have a will, no matter how much or how little they own. It is one of the most important documents you will ever put your signature to.