A Will is a legally binding document that addresses how the assets of the decedent or person who died will be distributed at his death. The Will also names an executor who administers the estate of the decedent and ensures that all the taxes and outstanding creditors of the estate are paid and the remaining assets distributed to the individuals who are entitled to the property.
A Will is an important document in the planning of any estate. If a person dies without a valid Will or will substitute, the law says that there are certain people who will take the property, regardless of the intentions or wishes of the decedent. The process of distributing a decedent's property when he dies without a Will is called intestate distribution. On the other hand, a person who dies with a valid Will can rest assured that the individuals whom the decedent wanted to take the property will take it.
The execution of any Will generally requires that the testator know that he or she is executing a Will, that he know the natural objects of his bounty or the people who would share in his estate, and that he know the nature and extent of his property.
The requirements for executing a valid Will can be complex
An experienced attorney who knows the law for executing a valid Will can prove valuable. He or she can help by gathering pertinent information, assessing your family situation, and ensuring that the Will drafted is valid and enforceable in the state in which you live. Remember, just drafting a Will may not be enough. If the requirements for executing a valid Will are not met, you may find that the results are the same as if you died with no Will at all and the people you want to take the property may get nothing.
If you would like to talk with an experienced and caring Raleigh will attorney, please contact us.
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