We all have wondered about writing our own will. By doing that, we are not only acknowledging our own inevitable demise, but we are also actively planning for how we want our resources to be handled, once we are not there to manage them.
Creating a will is among the most practically sound things you can do for your loved ones, as it puts disputes at bay. It helps your heirs avoid the unnecessary worry, and gives you better peace of mind.
In this blog, we have discussed several aspects of a will so that you are better able to understand the intricate details of writing a will.
What is a will?
A will is a legal document which entails the details of your finances, and declares who will inherit your property after you die. It is up to you to select a legal executer, who is bound by law to execute your wishes as stated in your will.
What happens if I die without a will?
If you die before writing a valid will, then there is a legal process of probate which entails the process of transferring of your property to your rightful heirs. It normally refers to the fact that your property will then be distributed among your heirs by following the laws of the state.
Do I need an attorney to prepare my will?
It is not necessary to hire an attorney to write your will. But in most cases, people prefer to hire lawyers because they have an in-depth knowledge of drafting the will. A trained attorney will also be able to help you by providing useful advice on your planning strategies.
Who should act as a witness to a will?
Generally, there are no specific criteria for a witness to fulfill, so anyone can act as one. However, it is important that you should select someone who is not a beneficiary in your will. The technical term for this aspect of your will is a “disinterested witness” The number of witnesses depend upon the state you live in. Also, if a lawyer is drafting your will, they can’t act as a witness.
If you have any questions pertaining to the fine details of a will, contact us at (330) 535-1555 right now, and our dedicated and experienced team of lawyers will guide you accordingly!