What is a Will?

When it comes to taking care of your property and family after your death, a will is a must-have document. Simply put, a will is a legal piece of paper that states all of your wishes regarding personal property, money, minor children, and other entities that are under your ownership or control at the time of your death. There are a variety of different types of wills to choose from and a lot of things that you have to learn about them before you can prepare one for yourself. First, you have to understand the different types of wills so that you can choose one.

The most common will is the Self-Proving Will, which is a formal document signed with witnesses present. This will is usually what people end up filing when they need to have a will for the protection of their family and/or their assets. Of course, a lot of people will also make a living will, which basically takes care of things like medical care and wishes in the event that the will author becomes incapacitated at some point. These are the two most common documents. Oral wills are an option, but because they are only spoken in front of witnesses, they don’t usually hold up well from a legal standpoint. The other type of will that also doesn’t hold much water is the holographic will, which is written and documented without witnesses present, and therefore is easy to forge or fake.

A lot of people go on the assumption that they don’t actually need a will. However, the reality is that you do need a will and you can gain a lot from having one. This document will allow you to choose who distributes your assets, how they are divided up, and what happens to any dependent children, pets, or other people or things that are a part of your life. There are so many different benefits of having a will, but it’s mostly about knowing that your affairs are in order should something happen to you.

Getting a will made today is a lot easier than ever before. Thanks to the internet, you can find all types of resources to help you better understand wills, how they work, and how to make your own so that you can have the peace of mind that your affairs are in order. Take the time to look around and see what you can find, and take advantage of the tools available to put your wishes in writing so that you never have to wonder whether you are prepared or not.

Click on How to Make a Will for more Information.