Drafting A Will Is Easier When Done With A Professional: A Notary Public.
A last will and testament, often known as a will, is a legal document that specifies what happens to your property after you die. However, it goes beyond only your belongings. Additionally, in the event of your incapacitation, you can choose a reliable individual to take care of your minor children through your will. A will can also be used to donate to a charity of your choice or to give special recipients of family heirlooms or other valuable items.
The people you care about most can also benefit from protection and peace of mind of you having a will. It is always advisable to consult a knowledgeable will writing professional for legal assistance.
Reasons Why Drafting Your Own Will Can Be a Bad Idea
The Will is Not Executed or Witnessed Correctly- The legal conditions that must be met for a will to be deemed valid are often unknown to the public. Your designated executor will face serious obstacles, expenses, and delays when attempting to present your alleged will to the court for a Grant of Probate if it has not been properly executed.
Ambiguity - Interpreting your ultimate wishes can be complicated by unclear or ambiguous phrasing in a will. Even though you might think the directions in your will are simple and unambiguous, any ambiguity or imprecise language will probably force the Court to interpret it. For the estate, this procedure may be drawn out and costly, resulting in delays and more legal costs.
Mental Capacity and Undue Influence - An informal will may be contested on the grounds that the person making it was unduly influenced or lacked testamentary capacity at the time of execution. There is frequently insufficient evidence to support the claim that you did not have undue influence when you made your will or that you had the necessary mental capacity in situations where your will is contested for any of those reasons.
Not all types of assets are gifted through a will - You can make sure the people you want to inherit the assets that don't pass through your will obtain them by following the advice of a lawyer.
Benefits Of Having a Valid, Up-to-date And Executable Will.
Intestate succession does not apply
Significantly reduce the emotional toll and stress that your beneficiaries experience in the event of your untimely passing.
Fewer delays in the administration of your estate
A valid will ensures that the distribution process is carried out timeously and efficiently, and in accordance with your wishes.
Shortens the time it takes for the recipients to collect their inheritance and helps prevent needless arguments amongst them.
Consult An Experienced Estate Planning Attorney
We always recommend you seek the counsel of an experienced estate planning attorney if you have any questions about the estate planning process or writing a will. A qualified estate attorney will guide you toward the right choices for your family and everyone involved.
At AWD Law, we pride ourselves on our ability to assist our clients in navigating complex legal processes like estate planning and will construction. If you have any questions, please feel free to contact us today.