The Top Ten Mistakes You Should Avoid in Drafting and Safeguarding Your Will
A take a look at the leading 10 mistakes you can make in preparing and safeguarding your will. The author also advises people that they have to leave adequate copies of their wills with trusted friends so deceitful family members do not damage their only copy.
If you are thinking of composing your own will, no matter where you live, wills are a way for individuals to ensure who gets their estates at the time of their death. However in making their wills, individuals do the craziest things. Here are my leading 10 mistakes people make in preparing their own wills.
1. Composing the will in crayon as a joke and forgetting that a handwritten will can be valid.
2. Forgetting to sign the will and throwing it away by error.
3. Forgetting to date the will then using it to line the bottom of the bird cage for safe keeping.
4. Forgetting where they put their will, or that they even have a will.
5. Asking unethical Uncle George to draft the will for them.
6. Letting the infant have fun with the will.
7. Mailing the will to themselves and putting the incorrect address on the envelope.
8. Weeping while they make the will and having tear drop smudges.
9. Food discolorations on the will that make it illegible.
10. Letting unethical Uncle George keep the will.
A will is too crucial to leave its preparing to your Uncle. Let a professional draft the will, make certain it’s properly witnessed and a copy kept for safe keeping.
Wills are not made complex, however without specific clauses, they can invite will contests and your wishes may be neglected by the state or the court.
If you have forgotten if you have a will, and if you did create one, where you put it (a typical issue) it is simple to make a will that takes result over any and all previous wills you might have made.
Don’t let a deceitful relative damage your only copy of a will. Make copies and give one to your lawyer and your administrator and place other copies with your essential documents and files if you have one. If you have assets in excess of two million dollars and even if you have less than that, you might likewise wish to produce a living trust or speak to an estate planning attorney.