Do I Need A Will?
Do I need a will? What are the benefits of a trust? |
Making A Will |
Did you know that 3 out of 4 Americans die without a will? Whatever your status-married, single, divorced or widowed you should have a will. If you die without a will, your state will write one for you. Even with a will all of your property must go through a legal procedure called “probate”. This process allows the court to prove the validity of your will. It also gives creditors an opportunity to file any claims before the estate is distributed to the heirs. Without a Legal Will your family may be headed for potential problems in probate court. It is a fact that when those who die "intestate" (without a will) the courts decide, not them, who inherits their estate and who becomes guardian of their minor children. Can I Make a Will?Generally, anyone eighteen or older can make a will. To make a "valid" or good will, you must be of "sound mind". This means you must understand such things as what property you own, how much it's worth and who you are leaving it to. You don't have to be a United States Citizen to make a will.
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