Do you think that creating a will is only for someone who is too old and might die soon? If so, you are absolutely wrong. If you ask any professional estate lawyers Barrie, they will say that irrespective of your age or financial status, you must create your last will.
This is crucial to ensure that your family doesn’t end in legal disputes over your assets in your absence or incapacitation. But what should you include in your last will?
In this blog, we will answer this question for you. Here are a few things that you should include in your last will to make it more authentic.
- Your Personal Information
This is a no-brainer! You must include your personal information such as your name, address, age, date of birth, names of your closest family and relatives. If you have any aliases, it would be a great idea to include those in the will too. This will ensure that anyone else can’t claim your assets using unmentioned aliases.
- Assets and Property
A will is meant to provide a complete bifurcation of your assets and properties after your death. Hence, including them is a must! You can divide your assets and properties and assign them to different people in your family. Or maybe you want to leave everything to one person, you can do that too.
- Legal Language
A will can be executed only when it is made using the right legal language. And for the same, you can take help from Barrie family lawyers. They know the right legal language and verbiage to be used in the will, making it more authentic.
- Beneficiaries
Don’t forget to mention the list of people you want your assets to be distributed to. Beneficiaries can either be your family or friends. Or they can be a company or a trust.
- Executor
You need to mention the name of someone as an executor who will execute everything written in your last will. This will also include paying your bills and taxes. If a last will doesn’t have an executor, the court will appoint someone.
- Guardianship
If you have minor children or someone with special needs, make sure to mention a guardian for them.
- Witness Signatures
When you create your last will, you will need a few witnesses to sign the document. This will ensure the authenticity of the last will.
If you want legal guidance to create your last will and plan your estate, you can get in touch with us at Owen & Associates Law. We are a leading law firm that offers professional and licensed estate lawyers, family lawyers, Barrie divorce lawyer, and more.
Contact us now to know more.
