We often use the phrase “would” to refer to situations in which we expect someone to do something. For example, if we expect John to call us at a certain time, we would use the term “would.”
A Will describes the power of an individual to make decisions and refrain from doing something. Examples include the ability to quit a job when it is not in one’s best interests, or to eat a healthier diet when one wants to. Will is also used to explain situations like when a person refuses to follow the directions of a friend or relative, or when he or she declares that a hurricane was God’s plan. If you want to know more about the power of a Will, read the following.
A Will specifies how one wants his or her property to be distributed upon death. A will should state who belongs to whom, be signed, dated, and signed in front of two witnesses, and describe how an estate should be disposed of. It can also list funeral and burial arrangements, as well as the guardianship of minor children. It is typically created by a man or woman, who is called a testator. Wills may also include instructions regarding medical care.
A will establishes the distribution of a person’s assets and personal property. It allows people to name beneficiaries and may even avoid probate. A trust, on the other hand, doesn’t have to go through probate. In some cases, the process of transferring assets doesn’t need to go through the probate process. A trust, on the other hand, can avoid the probate process and may avoid some taxes. However, naming beneficiaries in a Will is the best way to leave a large estate to your chosen people.
Before writing a Will, make sure you have the legal capacity to write one. Every state has statutes on what constitutes a valid will. In most states, a person must have testamentary capacity in order to make a valid Will. This is the only way to avoid your estate from being divided in a manner that goes against your wishes. When writing a Will, make sure you have witnesses who can attest that you wrote it.