Writing a can be an easy, stress-free process when done the right way. When done right, it can save your loved ones a lot of hassle as the process moves forward. But, making common mistakes will have your family members left behind succumbing to frustration. Here are some common mistakes people make when writing a will.
- Doing it all on Their Own
The internet can present many great resources for you when writing a will. The internet can also bring forth disinformation and not-so-trustworthy advice that you need to avoid. It is best to discuss your will with trusted advisors and legal counsel. A trusted probate lawyer in Longmont would be the best person to seek advice from when putting together your will.
- Not Using the Proper Naming Conventions for the Beneficiaries
An easy way to create legal troubles when it comes to who claims what as a beneficiary would be putting a common noun as the beneficiary. for example, Mom, Wife or Kids, can cause some confusion or be contested in court. If you have a wife you are divorced from, or stepkids that you may not want to receive benefit from your will, ALWAYS put full names when it comes to beneficiaries on your will.
- Being Too Vague
If you want something done the right way, you need to be specific and attention to detail oriented. This is also very important with writing a will. Writing something in your will that is not specific can be challenged if a legal battle were to occur. Best practice is always be specific with exact details to ensure there is no confusion in the long run.
- Not Naming a Trustworthy Executor
You want to make sure that you name the right person to enact your will. This person must be trustworthy, in good standing with you and able to commit to the long process of executing your will. You must make sure this person has the best interest for you and not themselves.
- Not Making the Updates
Just because you write your will doesn’t mean that it’s set in stone forever. For as long as you are alive you can make changes and updates to your will. As life goes on, people change, circumstances change, and things can become very cloudy in life to the point where details in the will may become null and void. For instance, if you have a falling out with an executor of your will, or that person may pass away unexpectedly you will need to make some changes. Also, if you do make changes or modify your will, make sure you process the right paperwork to make sure all wills before the current draft are voided.