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4 Common Doubts About Last Will And Testament, Answered
Last will and testament is nothing but a legally enforceable document created by an individual in a proper legal last will and testament form that states to whom his / her property / assets will be distributed as well as how it should be used or managed. While this may sound simple, there is more to last will and testament that often arouses doubts in the minds of the general salaried masses that eventually leads them to avoid this essential requirement altogether.
To prevent such acts of irresponsibility, here are 4 of the most common doubts about last will and testament answered...
Am I eligible to make last will and testament?
Anyone and everyone are eligible to make their last will and testament. All you have to do is make a note of your whatever assets you own, identify your beneficiaries, choose an executor, pick the right legal forms and fill it up in tune with the requirements. You can get printable last will forms absolutely free of cost from top online legal platforms in the nation.
What are the basic requirements for last will?
(i) The creator of the will needs to be 18 years of age or above
(ii) The creator should be in testamentary capacity, which basically means that he / she should be perfectly sound in mind while creating the document
(iii) Signature of the creator / testator as well as witnesses to the will is a must
(iv) Certain states in the USA require the will to be hand written; therefore, checking state rules in a must while creating your will
What if I need to change my will?
It is absolutely possible to change / update your will as and when required. Nullifying the old will is as easy as destroying the original last will and testament forms and its copies and creating a whole new one. However, if you have to make just minor additions / amendments, you can do so with codicil, a legal document that alters and validates the changes. To learn more about drafting last will and testament in Florida online, visit this website.
Can my Last Will be challenged?
Your Last Will can be challenged under grounds that include...
(i) Unsound mental condition while signing the document
(ii) Fraud /forgery
(iii) Situations when creators dictate terms of distribution for jointly owned assets
(iv) Non compliance with state laws
(v) Non compliance with legal age limit
Carl writes often about affidavit, bill of sale and last will & testament to help the people in needs. You can find his thoughts at free legal contracts news blog. For more information about getting last will and testament in Rhode Island, please visit this website.
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