Saturday, August 29, 2009

The Importance of Writing a Will

Perhaps you've teasingly asked a parent, can I have that when you're dead? However, writing a will is no joking matter. Some estimates say that half of the American population have not written a will outlining what should happen to their possessions once they have passed away. Composing this testament can be beneficial on many levels, and this article will outline why writing a will is so important.

For the most part, anyone eighteen or older can write a legal will, sometimes without the help of an attorney, as long as two uninvolved witnesses can sign it. Of course, having a lawyer's help can aid you in making sure that everything will occur as per your wishes, and having authorized notaries sign your document can make it be taken more seriously in a court of law.

Usually, people who have lots of property or other assets tend to be more serious about composing a will. This is because a will functions to divide your assets after your death. With this last testament, you can show exactly who you want to get what, especially if you plan to give a nonfamily member a large part of your estate. However, a will can be important even for those who do not have much property, because it can make the dividing of the inheritance much more easy and organized after your death.

Parents with children that are minors should definitely take the time to create this legal document. In a will, the mother and father can designate a guardian for the kids if the parents happen to pass away unexpectedly. Also, a will can direct the finances for the children upon the early expiration of the mom and dad, which can help save money for them for college and other things specified by the parents.

Should you die without leaving a will, a probate court takes your estate under its wing. The court divides your property according to what it thinks is best. Let it be known that the court-appointed executor of your testament will be paid out of your estate, which means less inheritance for your family. When you have a will with an executor already appointment, you can avoid having to pay the court to figure out the division of your assets.

Some people choose to supplement their written will with a video will. Although most states do not allow a video will to stand alone, you should check with your state's laws regarding the creation of these types of legal documents. A video will can be helpful because the person can explain in their own words why they chose to give particular things to certain people. Additionally, participating in a video will can show relatives that you are in good mental health, which lessens the chance that your will may be challenged.

Writing a will or videotaping your requests can be difficult without the help of experienced legal counsel. To find an attorney who specializes in this type of law in your area, check out the Legal City Attorney Search Directory today at this website.
Joseph Devine

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