Tuesday, 29 November 2011

Meaning, Procedure and Benefits of Will in Life

A will            
Is a document where we define distribution process of estate or a property, Also we can say that in simple words a document in which we can declare the equally share of the property to each  member of the family. An estate or property means (land, bank accounts, stocks) etc.
If you die without making a will and belong from Ohio state then all the assets and your property are distributed by the Ohio estate law. When a person dies without making a will, their property must be shared according to the state rules. These are called the rules of intestacy. A person who dies without leaving a will is called an intestate person. Only married or civil partners and some other close relatives can inherit under the rules of intestacy.
Heirs mean’s people who receive your property may be your relative when you die without a will. They will use your property according to the law orders by your state. Only close members or close relatives can use your property. You can not pass your will to close friend. If you have no any member to handle your property. Then this type of property will hire by the state government.
Yes, it is really necessary if you want to give your property to family member or someone special outside your family, or a person who care’s you and you want to give some special gift after your death. For this you have to make a will and mention the name you want to give shares in your property. Mention the name of the executor (who will carry out your will).Name the guardian of your children after your death he will care of your estate till when children are able to handle your property. A will in which you mention your property, your bank balance, stocks etc…

Who can make a will
 Anyone 18 or above Ohio law permit to make his own will. Because according to the law at the 18 age every person can take his own decision. Sound mind and memory means you understand the act of making a will, the general extent of your property, your relationship with your family and to whom you are giving property through the will.
What must to make a will?
Your will must be in writing, handwritten or typed. Date and sign is must on the last page in front of two competent witnesses when you write your will. The witnesses must be at least 18 years of age and also sign the will.
 Keep Your Will
Keep your will in a safe place and found easily after your death. Leave a copy with the attorney who wrote it for you and also tell your executor about the will and give him one copy of your will. Keep will safe in your bank account.
What type of property can be mentioned or distributed by a will?
Any land or personal property like your (home) and another property. Insurance, bank accounts, shares stocks, transfers on death deeds.
Can I change my will and how?
Yes, you can change your will according to the law rules. For this you can hire a lawyer or consultants he will guide you in proper manner. He will tell you the whole process how we can change our will. What are the requirements to change the will? Better option is hire a lawyer.

Copy of a will is valid for your new will. Date and sign is necessary that you signed in front of two witnesses. So this way you can make your new will.
If you want to make a will and need more information or want to now the process then see our site and get  hire a better lawyer who will guide you in each steps while making the process of will.

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