Making a will in Bristol is not common knowledge. As such, it’s not surprising that people who want to do so often have a ton of questions about it. This article answers some of the most frequently asked questions about the topic.
What is a will?
It is a legal document that states what you want to happen to your estates when you die. “Estates” pertains to everything you own at the time of your death. A will generally indicates:
• your beneficiaries (the people you want to leave your belongings to)
• how you want your estates divided
• your executors (the people who will ensure your assets are administered based on the terms of the will)
Who can make a will?
Anyone over the age of 18 can make a will.
What are the pros and cons of making a will?
The advantages of making a will include:
• the assurance that your property will go to the people you choose
• the power to choose a guardian for your children in case you die
• the power to choose your executor
• the ability to hold property for another individual’s benefit (testamentary trust)
The disadvantages of making a will include:
• the need to go through probate
• the will’s status as a public record (if it’s been filed for probate)
• the chance that it may not fully address your estate’s tax concerns
What will happen if I die without making a will?
Your estate will be distributed based on your state or area’s rules.
Can I make a will on my own?
Yes, you can. However, it can leave your estates vulnerable to various issues in the future. Hence, it’s best to hire lawyers in Bristol to help you out.
Who can help me make a will?
Legal professionals (e.g., lawyers, attorneys, solicitors, etc.) can help you make a will.
Is making a will a one-time big-time thing?
Not really. If the need arises, you can update, amend, or revoke your will.
What can affect the validity of a will?
There are four things that make a will valid:
• Its maker must be one who is of sound mind.
• Its maker must at least be 18 years old.
• It must be made voluntarily or without pressure/influence from anyone.
• Its maker must sign it in the presence of two witnesses. The witnesses must also sign the will in the presence of its maker.
If any of these factors are not met, then the validity of a will may be compromised.
Who can I get as witnesses?
There are two requirements for witnesses. They must be over 18 years of age and not a beneficiary of the will.
If you have a reason to make a will, don’t put it off until it’s too late. Make sure your assets go to the right people. Search “solicitors near me” online and explore your options. Make sure you hire a reliable legal professional.