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What Are The Top 3 Advantages Of A Last Will And Testament?
The Last Will and Testament has been a legal document of significance for a long time, and declares the wishes of a person about his property following his demise. In many families, the concept of having a last will is not given much importance, despite its many benefits. Find out about the top advantages of a last will and testament.
Can be used to appoint minors’ guardian
For every parent, it is important to prepare a will for the sake of their minor kids. The document mentions by law who all would be appointed as guardians if none of the parents are around anymore due to untimely death. Parents not having a will can expect the court to decide on the matter, but the court-appointed guardian might not be someone they would have liked.
Reducing legal problems
Many court cases on matters related to property distribution of the deceased are pending. With a last will and testament form online, settlement of property matters can be resolved more quickly and it can be possible to avoid long drawn property dispute cases among family members. The unnecessary expenses related to those cases can also be avoided.
Having proper asset inventory
Even legal heirs of deceased individuals, in lots of cases, are not aware of how many assets the latter had- whether immovable properties or bank accounts or more. Thus, the properties of dead people often lie unclaimed and are of no use to anybody. When a Last will is made, the one who creates the will needs to list every asset in one place. Thus, there are fewer risks of legal heirs not having any idea about the assets left behind by their deceased close one. They do not lose track of any property or asset, and can ensure that those are distributed properly among them.
Carl writes often about affidavit, bill of sale and last will & testament to help the people in needs. You can find his thoughts at custom legal forms blog. For more information about getting last will and testament in Washington DC, please visit this website.
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