10 Things You Should Know about Writing a Will
A will attorney Utah offers a vital service for thousands each year. It’s not a task most want to undertake, yet it’s crucial. This is your chance to put your final wishes in writing and can be a smart idea for most people too. Having a will can be useful as it may prevent trouble within the family later and, potentially, make things easier too. So, what things should you know about writing a will?
Understanding What A Will Is
If you don’t fully understand what a will is, then you’re in a bit of trouble. It’s so important to understand the basic premise of a will. If you aren’t sure what it is or how to write one, you could speak to a will attorney Utah. Of course, the basic idea of a will is to write down your last wishes. You could go into detail about what possessions are being left to which family members, whether monetary gifts or otherwise. click here for getting help in writing will.
Can the Will be Contested?
It’s important to understand that a will can be contested for several reasons. A beneficiary can be unhappy about the terms of the will and may feel they deserve more. That could spell the entire will being thrown under the spotlight. Of course, there are other reasons why it could be contested, including the will isn’t valid, or no-one was there to witness it. That’s why a will attorney Utah is important to consult over these matters.learn more about role of estate planner attorney at https://www.real-estate-supply.com/what-is-the-role-of-an-estate-planning-attorney/
Without a Will, You Die Intestate
If you don’t write a will or don’t have a valid will, it can be thrown to one side and you die intestate. That, essentially, means any family members will need to go to court to have your estate settled. Now, this can be tricky if there are lots of assets to settle or lots of family members looking to share the estate. It’s different if you have one adult child or a spouse, but again, the process is somewhat tricky. A will attorney Utah could help create a will to avoid these matters.
Is A will attorney Utah Necessary?
Not always. Sometimes, a will attorney Utah can be useful if you have little knowledge of these matters or need help with creating a will. Of course, an attorney can ensure the will is valid or will withstand probate court once you’re gone. Attorneys can help you with a will, although, this will add a fee.
How Often Should the Will Be Reviewed or Updated?
This depends on your current and future circumstances. For instance, if there are no substantial changes to your family situation, it’s unlikely you’ll need to review or update the will often. However, if you were to acquire more assets or change your marital status, that could require an update to the will. For example, if you get divorced or remarried, you may have to update the will to determine certain things. Again, if you’re not sure, a will attorney Utah can help.
Where to Store the Will?
You should always have a copy of the will at home in a safe place, such as a fire and waterproof lockbox. However, you should also keep a copy with a will attorney Utah or family attorney. You may even want to keep one in a safety deposit at a bank. It’s important for the original copy of the will is kept in a secure location because without it, it can render any existing copies invalid.
Should All Items Be Listed?
A lot of people are confused about what to put in a will. Some people are too vague and leaves the door open to interpretation. Instead, you want to be as detailed as you possibly can so that things are clear and simple. Of course, you could entrust one person, such as a spouse, to handle your personal property. They can then distribute it as intended; however, this is a risk as that person isn’t technically obligated to hand specific items to family members unless specifically stated. That’s why you need to be clear and detailed. Again, a will attorney Utah might help with these matters.
Who Can Be Named as Executor?
You have the option of choosing an executor and this can be an adult child, your spouse, a family attorney, friend, or another person you know. There is also the option of having joint executors. However, you must be specific about what you want the executor to do, such as paying outstanding bills on your behalf. A will attorney Utah may help you understand who is best served as an executor.
Who Can Be A Witness?
Conflicts of interest can arise when you ask an heir or beneficiary to act as a witness. While their – and your – intentions are pure, the probate court might not see it that way. Instead, you need a witness that has no ties to your fortune. If you’re unsure of this, you may want to speak to a will attorney Utah to find an appropriate witness.
Should There Be Separate Wills with A Partner or Spouse?
A lot of couples try to create joint wills as they think it’s easier; unfortunately, that can create a few issues. For example, it’s very unlikely both you and your partner will die at the same time. If you were to separate from a partner, it can be messy to null and void the old will. Even if you want to ask a will attorney Utah, it’s likely they’ll say separate wills are the way to go. It’s easier, cleaner, and clearer for all involved.
Always Be Prepared
A last will and testament are an important document for families and couples worldwide, yet few people actually have one. The truth is that wills are there to protect your assets after you die, but also, make it easier for your wishes to be observed. If you want to leave a monetary gift to someone, but your spouse disagrees, as long as it’s in the will, your wishes can be observed. It’s important and something so few have. You should speak to a will attorney Utah for advice if you wanted to create a will.