The Inevitable: Writing A Will
It is not surprising that some young adults as early as 18 years old are already considering writing a will. You have probably heard of teenagers getting huge earnings from online businesses and that is only a clear indication that even if you have just reached the age of 18, you can choose to write a will.
If you have worked hard in an early age and have luckily made the right investments with clear earning potential, you can choose to write your will anytime you wish. Writing a will doesn't mean you have to be married first before doing so, preparing one is needed in order for you to protect the future of your family especially if you are the breadwinner, either single, married or divorced.
If you want to designate your properties to certain people, then you must prepare a will to make the transfer legal upon your death. A legal document, like a last will and testament, which is commonly a typewritten document, can assure you that all your assets will be distributed according to your wishes and that the one who will execute the will can be trusted.
The written or formal will is used very often by individuals. In order to prepare a valid will, you must first assign an executor who will be responsible in carrying out the details of your will. Usually, he or she is your closest confidant not necessarily a relative. In order to eliminate other technical claims and loopholes pertaining to your document, make sure that the legal names of anyone mentioned in the document are clearly indicated. In writing a will, there must also be a statement about your mental condition, usually bearing these words "sound mind and body" is also needed to signify that your will is not forced.
Of course, you do not automatically start with the distribution of your wealth. You start by making sure that the funeral arrangements are taken cared of according to your desires. Usually, the spouse or a first degree relative handles this, but in the event that there are no relatives or immediate family, your significant other can take on this role.
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.
And lastly, the signatures of the witnesses who will attest that you are indeed the one who created the testament and your signature. Your witnesses cannot be your beneficiaries. You can also have it notarized.
Writing a will early can be a little morbid or having a death wish lurking behind your back. But being prepared for the future of your family should be your prime concern regardless of how you view an early death. - 23159
If you have worked hard in an early age and have luckily made the right investments with clear earning potential, you can choose to write your will anytime you wish. Writing a will doesn't mean you have to be married first before doing so, preparing one is needed in order for you to protect the future of your family especially if you are the breadwinner, either single, married or divorced.
If you want to designate your properties to certain people, then you must prepare a will to make the transfer legal upon your death. A legal document, like a last will and testament, which is commonly a typewritten document, can assure you that all your assets will be distributed according to your wishes and that the one who will execute the will can be trusted.
The written or formal will is used very often by individuals. In order to prepare a valid will, you must first assign an executor who will be responsible in carrying out the details of your will. Usually, he or she is your closest confidant not necessarily a relative. In order to eliminate other technical claims and loopholes pertaining to your document, make sure that the legal names of anyone mentioned in the document are clearly indicated. In writing a will, there must also be a statement about your mental condition, usually bearing these words "sound mind and body" is also needed to signify that your will is not forced.
Of course, you do not automatically start with the distribution of your wealth. You start by making sure that the funeral arrangements are taken cared of according to your desires. Usually, the spouse or a first degree relative handles this, but in the event that there are no relatives or immediate family, your significant other can take on this role.
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.
And lastly, the signatures of the witnesses who will attest that you are indeed the one who created the testament and your signature. Your witnesses cannot be your beneficiaries. You can also have it notarized.
Writing a will early can be a little morbid or having a death wish lurking behind your back. But being prepared for the future of your family should be your prime concern regardless of how you view an early death. - 23159
About the Author:
What type of Texas Legal Will you write can make a big difference on whether or not it is easy to writing a will.
posted by X - Men @ 3:35 AM
0 Comments
0 Comments:
Post a Comment
Subscribe to Post Comments [Atom]
<< Home