Wills are legally binding documents that protect a person’s money, property, and children after their death. Basic wills can be created with inexpensive computer programs and cover the transfer of ownership of property, life insurance payments, and appoint a guardian for minor children. Living wills state a person’s wishes if they become disabled and can be easily printed online.
Wills are legally binding documents that state exactly what must happen in the event of a person’s death. Wills are meant to protect a person’s money, physical property, and children. Many people only require basic wills, which can be created with the help of inexpensive computer programs.
In basic wills, the transfer of ownership of property and issues related to life insurance payments are covered. Any money in savings, checking, or other bank accounts is assigned to the person or persons the will selects. If there are minor children involved, the writer of the will also appoints a guardian for the child or children. Information about the transfer or sale of homes owned by the will writer is also included in wills. Other items designated in wills include furniture, cars, jewelry, pets, expensive clothing, and any other valuables.
Wills can be written as long as the author is of legal age, eighteen years old in the United States, and of good judgment. Written wills can be drafted by a lawyer, typed on a computer, or handwritten, with the exception of Washington state, where handwritten wills are not legal. In all three cases, a notary public and a second party must witness the person’s signature for it to be valid. Also, the witness should not be someone who is receiving items from the will.
Wills must include detailed information about the person’s assets, the value of these assets, and to whom they should be transferred upon death. Additionally, married couples must have separate wills as well as a joint will.
There is also another type of will called a living will. Living wills state exactly what a person wants to happen if they become disabled and must remain in a hospital or health care setting. Instructions provided on living wills include whether or not the person wants to be placed on feeding tubes or extraordinary resuscitative measures should be used. Living wills also state what would happen if the person were to become brain dead. Living wills can be easily printed online and then notarized.
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