Things to Bear in Mind When Making a Will

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Most of us shiver at the thought of death. And yet, whether we like it or not, death is part of life – and the truth is that we never know when it will come knocking on our doors. If you want your loved ones to be ensured when you have departed this world, making a will is absolutely mandatory.

Most of us have no idea what making a will even implies though. Which are some of the most important things you should bear in mind when creating this crucially important document? Read on and find out more.

hand-325321_1280     You Need to Know the Law

Laws regarding wills vary a lot across the world – and even within the same country (such is the case of the different states in the US for example). You need to inform yourself on what exactly the laws in your country say about making a will, about how it should be done and about all the other details that make your will valid as well. At first, all those “law terms” may feel confusing, but in the end you will get the idea.

Ask for Help If You Are Not Certain

Not feeling certain about laws is normal – sometimes, they can be quite twisted and other times our own personal situations are twisted enough to make even a simpler law feel confusing. If you do need help to understand what your will should be like, don’t be afraid to ask for the help of a specialized attorney. It may cost some money, but at least you will sleep tight knowing that you’ve done things the right way.

A Lawyer Is Not Always Mandatory

Depending on the laws in the state you live in, a lawyer may not always be absolutely mandatory. Sometimes, simply handwriting a will (or downloading a form off the Internet) and having it signed by two people who have already reached the age of majority will be enough. As mentioned before though, laws do differ so it’s better to be safe than feel restless because you are not 100% certain over whether or not you have done the right thing.

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It Will Most Likely Be the Little Things

Most of the wills are not about the “big” things (such as houses, for example) because those are usually in joint ownership  (which means that the other part of the “joint” will automatically inherit that particular asset). Unless you specifically want your share to go someplace else and unless you have no joint-owned assets, your will most likely consists of the other “little” assets you have.

Guardians and Executors

Aside from the witnesses, there are two other very important “characters” in making your will: the guardian (needed in case you have children who are under the age of 18) and the executor (the person who will carry out the will).

It Doesn’t Stay the Same

Wills change and it’s important to keep yours up to date. Sometimes, the changes you need to make may be related to the fact that you want to add someone on your will. Other times, the changes may simply be related to having acquired (or sold) some of your assets.

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Derek

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