Thanks to movies, and TV shows people are to believe that our will is our final words, a note, or a video.
What makes a will valid? What exactly is a will? For many states, there are requirements that must be met before it can be valid.
What is it?
A will is documentation that shows how your property, wealth, and other items are to be distributed when you pass. Without a will, your assets may not be distributed to your family efficiently.
What are the requirement?
For your will to be valid, you’ll need to be of legal age (18), and the will must be voluntarily created. Pennsylvania does not require a witness present for the signing of a will, but does require two witnesses to approve that the signature is of the signees. Most states want a will that is written rather than a video or an oral will.
What do I do with my assets?
Your will distributes property and other assets as you seem fit at your passing. Any person, place, or charitable organization can obtain your items if they accept it, and stated. You may need an executioner, someone who follows the instructions of your will. If you do not have one, the court may appoint one.
It is important that you take care of your will if you feel that assets be given to the right people. If you don’t have one, the state can dispense the assets to family and spouse. Lastly, you can save your beneficiaries from this outcome by simply taking the time to plan your estate.