Some people fear to hear anything to do with writing a will since the first thing that rings in their minds is death. However, it’s vital that you get every detail right from the start. If you desire to see your assets directed to the right beneficiaries, then you’ve got to make smart decisions. Below are some of the questions whose answers can be the right guide to writing a comprehensive will. Take a look.
Do you need a will?
If you have family or charity organisations that you would like your property directed to, then you need a will to indicate that. Remember, a lack of a will allows even parties not affiliated to you to take advantage of your hard-earned assets when you are not there. Otherwise, you don’t necessarily need to write a will if you know you don’t have any relative to allocate property to. Property to such people is often taken up by the state.
Must your will be in writing?
Here, estate and will rules differ from one state to another. Therefore, you will be required to consult reputable legal services in Townsville for proper advice. However, most state laws require that your will be in writing. That is the only method through which they can be validated. Otherwise, there are some isolated circumstances where oral wills can still function the same as written ones.
Do you need witnesses?
Most state laws will require that your will be signed and dated, not just by you but the witnesses as well. The number of witnesses varies, but it usually ranges from two to four people. They all should be adults, generally over eighteen years of age. They should also be mentally upright so that they can be held responsible in case of a future confrontation or any matter of that sort.
Think carefully whether you need to write a will or instead use a lawyer to make an estate plan. Should you decide to write a will, here are the things that you must asses first before you book that important appointment with your family lawyer.