What legal advice can I receive about preparing a will?
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A will is a legally-binding document that outlines how you want your assets, property and other possessions to be handled upon your death. When preparing your will, it is important to ensure that the document: (1) complies with all relevant laws; (2) clearly defines who inherits what assets; (3) appoints an executor or personal representative who will carry out the wishes outlined in the will; and (4) contains valid signatures from both you and any witnesses. It may also be beneficial to designate a guardian for any minor children in the event of your passing.
Before taking any action on drafting a will, it is strongly recommended that you consult with a lawyer licensed to practice law in your jurisdiction as there are specific legal requirements for wills which vary by state and country. For example, some jurisdictions require two witnesses when signing the documents while others do not. Additionally, if no written directive exists through a properly executed last will and testament at time of death then most states have laws determining how intestate succession works where property passes according to state law rather than via personal choice or preference of heirs/beneficiaries.
The attorney can provide further guidance regarding potential tax implications related to inheritance planning as well as suggest language and clauses necessary for dealing with complex issues such as whether certain inheritances should be held in trust until recipients reach majority age or other criteria set forth in the estate plan. A lawyer can also explain procedures involved in settling debts after death including filing claims against insurance policies along with options available for contesting contested wills or trusts should family members disagree about assessment of value assigned during probate proceedings . Ultimately, working closely together with professional legal counsel ensures appropriate steps are taken before developing an estate plan so best interests are considered thereby avoiding confusion later on down road between beneficiaries over matters such as entitlement rights versus creditors’ rights concerning deceased estates
