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The Inevitable: Writing A Will

July 14th, 2009 by Jason Klatham
by Jason Klatham

If you have just reached 18 it doesn’t necessarily mean that you need to prepare a will by law. It only means that you are eligible to be writing a will indicating the beneficiaries of your estates. Then again, you may be too young to own a lot of properties or have a considerable amount of money that can prompt you to write a will. Nonetheless, if you are actually a sole heir of a large estate or if you are one of those techno geek teenagers who have done magnificently in online businesses, then prepare your last will and testament accordingly.

Reaching the legal age means a lot of things for young adults. Not only can they have additional privileges in the community, they are now also protected from illegal elements who are eyeing at getting their wealth by force. Having a will, serves as a protection for anyone who thinks of the future of their family and loved ones.

A will is a legal document that contains the actions that will be executed pertaining to all your assets, real and personal properties, including designations of people who will manage your properties or care for your minor children. This is commonly called the last will and testament that requires two witnesses, name of executor, name of beneficiaries, list of properties and other conditions stipulated by the testator with or without the assistance of a lawyer.

The most commonly used will is the written or formal will. If you are decided to create your will, the first thing that you must do is to assign an executor. Basically, upon your death, the executor will carry out the contents and wishes indicated in your will. After which, you now need to prepare the contents of the will. Make sure that you write legal names, beginning with your name, your executors and your beneficiaries. Nicknames are not legally accepted. Writing a sentence which confirms your mental state is also necessary to prove that you are not forced or pressured while writing a will.

The first part of the testament must include the details as to how you want your funeral to be handled. Usually, the spouse takes on this role automatically or any first degree relatives close to the deceased. If the departed is not married, he or she can also assign a partner to take care of this.

The second most important item in writing a will is the assignment of the minor children to a family or an individual. This is extremely vital especially if both parents die in an accident. This is the most important clause for parents so the assignment of a temporary or legal guardian must be well-thought out. And of course, the distributions of assets follow.

The most important detail of the document is of course, the signatures, not only your signature but that of your two witnesses. The witnesses by law are not honored as beneficiaries. Once the document is signed, you can have it notarized if you want. Some states, like Texas, make it only optional.

It may be hard for someone to write a will but this is inevitable to fix inheritance issues early on. You already have the peace of mind. Let your family have that too.

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