When writing a will, there are some things to consider when estate planning can protect you and your loved one’s wishes. Without enlisting the help of a qualified attorney, you could be left navigating many of the complex and tricky processes on your own.
Common Mistakes When Writing a Will
The biggest mistake people make when writing a will is not to write a will. Studies show that almost 44% of all Americans neglect to create a will to divide their assets before they die. Many are overwhelmed by the process, or the fees associated with hiring an attorney to authenticate the will are more than they can afford.
The second biggest mistake people make when writing a will is to handwrite the document thinking that this is enough to hold up in court. Although there are plenty of software programs designed to help you when writing a will on your own, you should always have an attorney look it over to make sure that it is legal and notarized.
Don’t Overlook Any Assets
When writing a will, make sure you don’t overlook property or assets. Doing so would be another common mistake people make. Leaving out assets means that your family will end up in probate court, which means the state will be responsible for deciding who gets the assets you left neglected to include.
By not using unclear descriptions of assets or not using the full name of the beneficiary, disputes can arise amongst family members after you die. After someone passes, families are left with an impossible burden of handling the affairs of their loved ones. Another final mistake people make when writing a will is not to consider alternate beneficiaries. Life is unpredictable. If the beneficiary you assigned dies before you, avoid a costly probate by making sure there is a backup.
Our group of experienced and trustworthy lawyers at Mark A. Weseman Law can help you and your family avoid many of these common mistakes when writing a will. Contact our team to start taking proactive steps towards estate planning and writing a will, and protecting your assets.