How To Write A Will
A last will is a document that describes an individual’s wishes in the event of death. This legal document is critical in distributing an individual’s wealth, property and accompanying assets, making sure that the deceased’s family experiences the closure they need.
Different Types of Last Will
Though a will can encompass a variety of legal documents, there are several types of last will that can help an individual specifically describe their wishes. A self-proving will, or a testimony will, is the most traditional type that requires a formal signing as well as witnesses to verify the signing in court. A holographic will is typically written without witnesses, and it may not hold up as well in a court of law. Similarly, an oral will is rather passed to other witnesses through speaking, and this method may also not hold up well in a court of law.
Why Drafting One is Necessary
These documents are typically labeled as the ‘Last Will and Testament’ of the individual in question. In the will, the individual must identify the heirs of the will’s contents and select an executor for the will’s wishes. Through such a system of designation, the last will is important in order to avoid ambiguity regarding property and belongings after the individual dies. If a will is not procured or recognized, a court will determine that the individual has died intestate. This means that the specific intestacy state laws will decide what happens to the individual’s wealth and assets.
Speaking with a legal professional is one of the best ways for individuals to make sure they have outlined their wishes in the last will successfully. A legal expert can provide the writer with additional insight and advice on how to be as clear as possible within the last will in order to reduce the need for intervention by the court.