Everything You Need To Know Before You Create Your Will

Everything You Need To Know Before You Create Your Will

Nobody is looking forward to writing their last will and testament. It’s as if you are not only expecting to pass away soon, but you are actually planning for it. That is why not many adults like thinking about the fact that they will have to make their will. But doing so is crucial especially for your loved ones. It is important that what you wish to happen to your assets and wealth will be followed by your family.

Will and Testament

A ‘will’ is a legal document where you as the testator declare who will manage your estate when you pass away. This estate can be anything that has great monetary value like a huge house. They can also be small items like your jewelry or as simple as photographs that you own which you want to end up with someone to inherit them, or also called the ‘beneficiary.’

Without a will, you will remain as the ‘intestate.’ This means that all of your estates will be settled or divided based on the laws of your state through a process called ‘probate.’ This is a legal process where properties of a deceased person are transferred to the rightful heirs. However, when this happens, some of your property might end up with the wrong person.

Why Hire a Lawyer?

When you know that you are ready to draft your will, you might be wondering whether or not you should hire a lawyer. In fact, you are not required to hire one to prepare your will. But working with a lawyer who has experience in this type of situation can be very beneficial to you. They can advise you on various strategies for estate planning. If you are not sure how to draft your will, the lawyer can do it for you instead, as long as you agree to everything that is written on it.


The Importance of a Witness

A ‘witness’ is important when you are drafting your will without a lawyer. The witness however should not be listed as your beneficiary. This will ensure that there is no conflict of interest. Depending on where you are from, some states or countries may require two or more witnesses. But the good thing about writing your will with a lawyer, he or she serves as your witness.

In creating a will, it is best to seek the expert help of a lawyer. You can hire one from https://www.burkelawyers.com.au/, but it is best that you have a good understanding of the process before you get started. Make sure that you have read and understood what is mentioned above. Remember that what is written in this will and testament is for the sake and comfort in the life of your loved ones.