A will is a legal document that provides instruction on how to distribute one’s estate and assets posthumously. In the case where no will exists, a court will decide how to distribute your estate. It is also important to note that each state has its own set of laws that govern the requirements of a valid will. You should remember to update your will periodically to reflect your current state of affairs accurately.
Things to include in a will are:
- Personal information, including any alias you may use as well as the names of your family members.
- Testamentary intent is the legal language declaring what the document is, and it is required for the validity of the will.
- Assets and beneficiaries. Your will should have a detailed inventory of your property and assets, as well as how they should be divided and distributed among those you name as beneficiaries.
- Appointment of executor. The executor is the person responsible for carrying out the terms of your will.
- Appointment of guardian; if you have minor children who will need to be cared for following your death.
- Signatures of the testator and witnesses. Witness signatures are typically required to affirm that you were of sound mind when you signed the will.
A will does not cover everything, so it is advisable to look into the other estate planning tools available to you. Documents such as a living will, or power-of-attorney may prove to be invaluable when protecting yourself and your property. Consulting with an estate planning attorney can give you the peace of mind you need to ensure that your final wishes are carried out in a manner deemed acceptable to you. It can also save your loved ones years of expensive court battles over your estate once you’ve passed.
The lawyers at Hoover Kacyon, LLC., are dedicated to supporting our clients. We deliver the highest quality legal representation from a team of professionals while also providing excellent customer service. Call us at 330-922-4491 or contact us online to make an appointment.