Death is inevitable. This statement may hit you like a thunderbolt, but it is the absolute truth. You can never hide from death, and you will not be forgiven for failing to draft a last will and testament. Writing a will is an admission that you are not immortal. It is the best decision to take when we are faced with the inevitable.
A will explains how your estate will be administered and divided after you are gone. It contains your posthumous wishes, which you hope will be respected by the living. Since you will not be in a state to oversee the execution of your will, you must spell everything out as tidily as possible. In this article, you can read about some of the blunders that often accompany the will-writing process.
Failing to Update the Will
Deciding when to write a will is the sole prerogative of the estate owner. A will may be written at any time in the life of a person. All the details recorded in the will are likely valid at the time of writing. However, some changes may occur after the will is deposited with one’s lawyers. Such changes may include a divorce or the addition of more dependants. The will-writer must therefore update the will to reflect these new circumstances. If death occurs before this is done, the contents of the will could be subject to legal debate.
For a will to be valid, there have to be witnesses. Witnesses are prescribed by law, and several categories of people are excluded. These include children, spouses, and potential beneficiaries of the will. It is a common mistake to use beneficiaries of the estate as witnesses. Unfortunately, such a move can open up the possibility of legal challenges to the will’s validity.