Especially when people are young or until they don't reach their fifties.
Moreover, it will give you great peace of mind knowing that your wishes will be followed after you are gone.
The two essential characteristics of a will are that it must be intended to come into effect after the death of the testator (a person who writes a will) and also revocable by the testator at any time.Though wills are usually written for disposing of the property they can also be created to appoint testamentary guardians for minor children and executors (person named to administer the estate or is subject to the supervision of probate court in accordance to the testator's wishes).However, if a person dies without writing a will, he is then said to have died intestate and his property will be inherited by his legal heirs according to the law of succession.
Here, the legal heirs are the close family members like spouse, children, parents, brothers, and sisters.
Make sure that the person you choose is honest, reliable, and willing to act as your agent.Assets: Note down how much property you have including your real property that includes land and buildings and personal property like vehicles, bank accounts, family heirlooms, etc.
No matter which method you choose, be well prepared with the issues you need to address that we already discussed in the first point.Start with titling the document "Last Will and Testament" and also include your full legal name and address.
Especially when people are young or until they don't reach their fifties.
Moreover, it will give you great peace of mind knowing that your wishes will be followed after you are gone.
The two essential characteristics of a will are that it must be intended to come into effect after the death of the testator (a person who writes a will) and also revocable by the testator at any time.Though wills are usually written for disposing of the property they can also be created to appoint testamentary guardians for minor children and executors (person named to administer the estate or is subject to the supervision of probate court in accordance to the testator's wishes).However, if a person dies without writing a will, he is then said to have died intestate and his property will be inherited by his legal heirs according to the law of succession.
Here, the legal heirs are the close family members like spouse, children, parents, brothers, and sisters.
Make sure that the person you choose is honest, reliable, and willing to act as your agent.Assets: Note down how much property you have including your real property that includes land and buildings and personal property like vehicles, bank accounts, family heirlooms, etc.
No matter which method you choose, be well prepared with the issues you need to address that we already discussed in the first point.Start with titling the document "Last Will and Testament" and also include your full legal name and address.