Friday, January 28, 2011

How To Make a Will

Death is an awfully touchy subject but everyone should always be prepared for it. It can come at any given time and you’d probably want to entitle your property to your family instead of the state. You must make a will to ensure that the appropriate people will receive the things that you have worked for in your lifetime. Make the will as clear as possible so that legal disputes can be avoided in the future.
The will, by definition, is a written document where the author names the people or the organizations that will inherit his belongings at the time of his death. At the event the author dies, the properties will be taken by the inheritors or legally distributed by the court. An inheritor has the right to question an unclear clause regarding the inheritance of a particular property. He can go to court and present evidence that he is the rightful owner of the property in question.
Things to Remember when Writing a Will
Remember, a badly written will can easily produce legal battles between your loved ones. You wouldn’t want to be responsible for the breakup of your own family just because you failed to specify some of the details clearly. Here are some things that you must remember before you start writing your will:
  • The will, in essence, is a law that overwrites other laws, unless its clauses are harmful to other parties. You must choose the inheritors wisely, since only you can unbind the clauses written in your will.
  • Only people of legal age can write a legally-accepted will. If you are under the legal age, your will be considered void by the courts. What you can do is write drafts of your will until you reach the age of 18 or 21, depending on the stated legal age of your state or nation.
  • You have the power to overwrite your will with another will. The latest will be the one honored by the law.
  • When formally ascertained by the court, you must countersign any alteration to your will. All the changes that do not bear your signature are considered void.
  • The will should bear the words “Last Will and Testament” so that it will be formally recognized by law.
  • Your signature should appear at the bottom of the will. Any information that is written below the will’s primary signature will be disregarded.
  • When legally formalizing your will, you should be accompanied by two non-interested beneficiaries as witnesses.
  • You must demonstrate that you are capable of disposing your property. In most cases, the court will check your personal and financial stability before formalizing your will.
  • You can consult a lawyer when writing your will. He will give you pointers on how to write statements that will not cause legal disputes in the future.
  • All the things not mentioned will be distributed according to the law in your state or country. You can place a general statement like “I give the remainder of my property to…” to take control of the entire distribution.
Writing the Last Will and Testament
Organizing information is a good way to ensure that your belongings go to the proper benefactors. With the sections of your will clearly defined, the chance for loopholes is dramatically lessened. You can also download a $30 will outline on the Internet, if you do not want to go through the trouble of typing and organizing stuff.
Materials Used:
  • computer
  • word processing software
  • bond paper
  • printer
  • pen
  • folder/envelope
Procedure:
  1. Open a new document on the word processing software of your computer.
  2. Type this at the top-middle portion of the document: Last Will and Testament of <Your Name>.
  3. Once again, declare the will as yours, but this time revoke any prior will or codicil even though you did not write any of those documents previously. Keep in mind that anyone can secretly present a bogus will, especially if you are wealthy.
  4. View all of your assets and outstanding balances. Match each of them to the rightful individuals.
  5. To minimize errors, you can do this step on a scratch paper. Write down all of your debts and assets in one column, then make another column containing the names of your friends and family members. Sketch lines connecting people to assets and liabilities.
  6. When you have finalized the inheritance information, type the name of each inheritor along with his or her connection to you.
  7. State the properties or debts that will be inherited by each inheritor.
  8. Make a sweeping statement regarding the inheritor/s of the remainder of your property.
  9. Assign a guardian for your children, if you are a single parent. The guardian should be of legal age.
  10. Name an executor who will act on the clauses of your will at the time of your death. He will also be in charge of safekeeping your will. Make sure that the person who you will name as executor can be trusted.
  11. Print the document, then affix your signature on the bottom right corner.
  12. Review your last will and testament for revisions. Once finalized, place it in a folder/envelope and hand it over to your chosen executor.
  13. Update the will whenever necessary (ex. change in civil status, moving to a new address, death of an inheritor). You have the option to edit your will by countersigning the items that you need to change. You can also make a new will that will overwrite the old one. Make sure to tear up the old one, since it can be used by fraudulent individuals to grab a hold of your property.
Living Will
You can make a separate will for the type of care that you wish to receive once you are nearing death. This will is called a living will. In this document, you can write a special request such as euthanasia or for your partner to stay by your bedside until your death. The living will’s legal power is similar to the last will and testament. It can superimpose laws and obligate people, unless the requests are not humanitarian.
Writing the Living Will
The living will is much shorter than the last will and testament. Your only objectives are to write the near-death conditions where the will is to be acted on and your special request/s when those conditions happen.
Procedure:
  1. Open a new document on the word processor of your computer.
  2. Type on the top-middle portion “Living Will of <Your Name>.
  3. Declare the living will to be yours, then state that you are revoking any other living wills and health care directives made previously.
  4. State all of the near-death conditions that will activate the document. You can state incidents like an irreversible coma, being in a “vegetable” state, or in the occasion when all of the life-sustaining procedures do not work.
  5. List down your final requests.
  6. Review then print the document.
  7. Write your signature at the bottom right corner of your living will.
  8. Hand it to a selected individual.
The will is your right to pass judgment on your family and friends, through the distribution of your properties. Such an instrument will show the true colors of people. Upon creating your will, some of them will suddenly become extra nice so that they will be given more. Better be observant of these people carefully, before you make your final decisions.

How To Make A Living Will

i hope you enjoy this post , and make a good will ...this was a copy from howtomakestaff.com ! 

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