What Constitutes A Legal Will Document
The Elements Of A Sound Legal Will Document
When making a legal will, the following conditions must be met:
The testator must be over 18 years of age.
He or she must be of sound mind. This means that the testator must understand what a legal will document is and what purpose it serves. The testator must also have a complete knowledge and appreciation of the value of the property that is being bequeathed in the will. The testator must be able to clearly identify the persons who are the beneficiaries and state the relationship of the beneficiary with the testator.
The legal will document must clearly state that it is the testator's last will and testament and that this document supersedes any previous wills or bequests that may have been committed to, but not executed by the testator.
The will must clearly state who inherits what and if property is to be divided, the means of evaluating the property to ensure that the division is as per the terms of the will must be specified.
A clause regarding the disposal of any properties that may have been left out of the will is required to protect the legal will document from any disputes on this count.
A legal will document will appoint an executor who will be responsible for the carrying out of the bequests and the payment of any legal fees, taxes and debts that may exist.
If the testator is leaving minor children behind without a parent, the will must specify who will be the children's guardian.
If any trusts or other such provisions are to be made for the protection of the minor children, these should be clearly specified, along with who will manage these trusts.
And finally, a proper legal will document must be signed, dated and witnessed as per the prevailing state laws. Any deviation from this could make the legal will document invalid.
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Source: http://www.goinglegal.com/what-constitutes-a-legal-will-document-1184032.html
Source: http://www.goinglegal.com/what-constitutes-a-legal-will-document-1184032.html
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