Writing down your testament could be one of the most unpleasant things because nobody likes to think about their death, regardless of age. That's why most people write their wills in their last moments. This is a big mistake because if it misses or gets unfinished, it can cause family litigation or many problems for the beneficiaries.
Probate is expensive, time-consuming, and complicated, so save your loved ones the trouble by estate planning and writing the last testament. You should avoid several mistakes when writing the last statement to save your family trouble. Here are mistakes you should avoid when writing your testament.
Avoid These Mistakes When Writing The Last Will
Editing Your Will After It Has Been Signed
You shouldn't amend your will or testament after it has been witnessed and signed. If you have to make the changes, you must make them through an official alteration called codicil or make a new will. Your will can have as many codicils as you want, which must be signed and witnessed just like the will. Instead of adding several codicils, writing a new one will be easier.
Not Using The Correct Language
Most people think of the last will and testaments as one term; however, the two words are different. A will is a property you leave behind, while a testament is how you dispose of it. Last means the only one or the final. So when referring to your will, make sure you call it last will, or it might be termed invalid in case of a contest.
Failing To Appoint Guardians
In case you have underage children, it's important to consider a guardian you would like to take care of children after your death. As a surviving parent, state your kids' guardian in your will since it's a sensitive issue that can lead the family to go to court. Avoid the headache by naming a guardian in the last will.
Failing To Dispose Of The Will Properly
Your will should be distributed to your heirs after you die, but if you don't specify how and when, it could give your executor a hard time because they will look for a way to get to your heirs. Further, more other people will try to contest the will claiming a share of the estate. You should specify who gets what and their responsibilities after your death to avoid drama.
Don't Exclude Step-Children
If you have step-children with your partner, stating my children in your last testament might bring confusion and may not cover them automatically even if you raised them from birth. So if you want to include your step-children in your will, ensure you mention their names. However, the children you adopt legally are considered your biological children.
Although writing your last will may be challenging, it's vital to get things right. Because it leaves your estate in the hands of the people you care about, it makes property distribution easier and faster. It also avoids family litigation, an ugly and expensive process that might leave your loved ones with nothing.
Published by Samantha Brown