Wills

Wills and Estate Planning

Having a will is one of the most important steps in planning for the future, yet many people put it off. A valid will ensures that your assets are distributed according to your wishes and, if you have minor children, allows you to name guardians rather than leaving those decisions to the courts.

Writing a will is generally straightforward, and you must be at least 18 years of age and of sound mind when it is created. To be legally recognized, a will must:

• Clearly state that it is your will
• Be typed or computer-generated (not handwritten in many jurisdictions)
• Be signed and dated by you
• Be witnessed by 2–3 people who do not stand to inherit under the will

Although a lawyer is not required to draft a will, legal assistance is recommended to help prevent misunderstandings, disputes, or administrative complications after death.

Once completed, a will should be stored in a safe and secure location outside of the home. Many law firms offer complimentary storage for their clients. Storing a will in a safety deposit box is generally discouraged, as access to the box may be restricted or sealed at the time of death. It is important that your executor knows where the will is kept and how to access it when needed.

<< BACK