Wassana
Nobody wants to plan for his death. However, you should not wait until you become terminally ill or old to write a will. Writing a will earlier and clearly is the best move to ensure that your family and relatives are not contesting a will after you have passed on. A will will also ensure that your loved ones are well taken care of financially after you die. Unfortunately, most of us do not know what a will is all about, leave alone write one. Here is a list of everything you should know about writing a will.
All Things You Own
List your belongings. If possible, list them in categories. It may also be helpful if you write down their approximate values and whether you have a loan or mortgage. If you have assets like cars or houses, correctly show whether you own them with someone else or whether you are the sole owner. If there is a joint ownership, the partner will automatically acquire them when you die. Therefore, a property that is jointly acquired should not be part of your will to prevent the partner from contesting a will. In addition to ownership, you should make sure you properly store the documents attached to the property. It may cost you a lot of money to replace these documents. In some cases, it may necessitate the need for will dispute lawyers.
Cherished Items
When considering your belongings, you should not overlook small items like electronics, clothes and appliances. These items may seem insignificant to you because they lack monetary value. However, they can have an emotional or intrinsic value on your loved ones. So, make sure you include them in the will.
Appoint Will Dispute Lawyers
Once you write a will, you should not stop there and assume everything is okay. Make sure you look for a will dispute lawyer. This lawyer will proceed with your final wishes as indicated in your will. When you die, your lawyer becomes responsible for managing the property. Challenging a will after probate is dangerous and can even lead to the death of your loved ones. This situation can be prevented by hiring a lawyer.
You should remember that when choosing a lawyer, select someone who is named as the beneficiary of the property. Acting as an executor can be a difficult task for someone who doesn’t have an interest in the property.
In some cases, there might not be someone who is suitable for the role, or there might be a likelihood of conflict among the family members, making it impossible to choose a neutral person. In such scenarios, it is advisable you nominate a state trustee as your lawyer. Though it might cost a lot of money to hire one, a state trustee will bring peace to your family and relatives.
Financial Planner Details
Look for the most up-to-date information of your financial experts or financial planners. Write their contact details in a document and store it with your will. Your financial planners are important because your lawyer will use them as references when you are dead to check your financial details. These financial details can make the work of the lawyer simple in case of a dispute.
