Why Wills and Powers of Attorney Matter

Thinking about death or losing the ability to make your own decisions is never pleasant. Yet, having the right legal documents in place can prevent serious complications—especially when you're living abroad. In our financial planning practice, we regularly meet expats who are unaware of the risks they face by postponing these essential arrangements.

Let’s start with what happens when someone dies without a will (intestate). Dutch inheritance law will apply by default—and that can have unintended consequences. A common and painful example: two unmarried partners purchase a home together. If one partner passes away without a will, and has children from a previous relationship, the surviving partner may not automatically inherit the deceased’s share of the house. In some cases, the surviving partner may even be required to sell and move out. All of this can be avoided with a properly drafted will.

Another scenario we often encounter involves mental incapacity. Whether due to an accident, illness, or ageing, it can happen suddenly and leave a person unable to manage their finances or make legal decisions. If there is no power of attorney (levenstestament), relatives or partners must go to court to request legal authority. This process can be time-consuming, costly, and emotionally draining—especially during a crisis.

Fortunately, these situations can be planned for. A will ensures that your estate is handled according to your wishes. A levenstestament allows you to appoint someone you trust to act on your behalf if you become unable to do so yourself. These documents are not just for the elderly or the wealthy—they are for anyone who wants to avoid putting their loved ones in a difficult situation.

At Your Financials, we have helped many internationals living in the Netherlands set up these arrangements in a way that fits their personal and financial situation. Our advice: don’t wait for a problem to arise. Put the basics in place now, so you and your loved ones are protected later. You can read more on this topic on our website, yourfinancials.nl, or get in touch with us for a conversation.

Peace of mind starts with a plan.