Creating a will is an important step in managing one’s estate properly. Drafting wills generally involves much planning and evaluating of one’s property, as well as the potential beneficiaries who will be receiving the property. When creating a will, some tips to follow may include:
Thus, a major aspect of creating a will is to ensure that it’s written in a way that is understandable and won’t lead to any will contests in the future. Each state may have different laws when it comes to drafting a will.
When creating a will, your will should meet the requirements as listed by state laws. These include naming of the beneficiaries and the executor, identifying the property, and having it signed and witnessed.
In addition to state requirements, you may wish to include other will terms such as a no-contest clause or other clauses. A no-contest clause will prevent a beneficiary from collecting a property distribution if they file a claim contesting the will. Other clauses can also address whether the will can be modified, and whether disputes should be solved through negotiations.
Generally speaking, a will can be subject to modification for various reasons. Modifying a will may be necessary to prevent unwanted distributions of property. For instance, the will creator can make another document that either adds to the will or cancels it and creates a new one. Any modifications to a will document need to be executed with the same “will formalities” as the original in order to be legally valid.
In some cases, the court will often order a will to be modified if it’s found that the terms are illegal or are unfair to the beneficiaries.
There are several requirements that need to be met when creating a will. It’s in your best interests to hire a lawyer for help with trusts or wills. Your attorney can assist you in drafting and reviewing the documents to ensure that they’ll be legally enforceable. Also, an attorney can assist you with other issues such as will contests, or will revisions. A qualified attorney in your area may provide you with legal advice on these and other matters.
Last Modified: 02-22-2013 04:08 PM PSTLaw Library Disclaimer
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