What is the Importance of a Will?

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What is the Importance of a Will?

It is often difficult to think about the future, but it is something one must plan for. A will is an important document that can greatly help you and your loved ones when it comes time to settle your estate. A will allows you to state your wishes for the future, and makes things easier for you, your friends, and family later on. Read more to better understand the importance of a will, how to create one, and what to include in it.

Who Should Have a Will?

Some people incorrectly believe that a will is only necessary for those of a certain net worth. The reality is, your financial status should not determine whether you create a will or not. The items you include in a will do not have to be of any specific monetary value, in fact, items of sentimental value are often included in a will. Anyone who is interested in planning for their future should consider creating a will and reach out to a knowledgable attorney for assistance.

What Should I Include in a Will?

Some of the assets you may include in your will may be real estate, bank accounts, securities, and items of personality. You can include gifts for your friends and family members, be it a letter you’ve written, or a favorite photograph. There are a few things you should not include in your will. For example, it is important that you do not put your funeral plans in your will. Often, a will is read after the funeral, so your wishes may be overlooked if they are stated solely in your will. With the help of an experienced estate attorney, you will be able to ensure that your loved ones are aware of any specific funeral wishes you may have.

Can I Make Changes to my Will Over Time?

You may make changes to your will as your relationships and assets change and evolve. Things change over time, and it is important to accommodate those changes. The best way to make revisions to your will is with the help of an attorney. Some reasons you may wish to alter your will include:

  • Getting married
  • Having a child
  • Getting divorced
  • Losing a loved one that was included in the will
  • Gaining or losing a significant asset

What Makes a Will Valid?

A will is valid in the eyes of the law after a few requirements are fulfilled. A will must be in writing, and signed by the subject of the document. Additionally, in New Jersey, two witnesses are required. These witnesses should be present, aware that they are at a will signing, hear the signer state that he is aware he is at a will signing, and likely sign a document stating that these obligations have been fulfilled.

CONTACT A MIDDLESEX COUNTY WILLS AND TRUSTS ATTORNEY

If you need more information about wills and trusts, contact Juan C. Velasco, Esq. Attorney Velasco has been a legal resource for the people of New Jersey for over 25 years. Through his years of service, he has guided clients through all estate planning matters and drafted countless wills and trusts. If you need a quality lawyer, contact Velasco Law Office today.

About the Firm

Juan Velasco, Esq. has over 25 years of experience passionately practicing law. Juan Velasco provides legal counsel to individuals, corporations, and institutions concerning substantial legal and financial matters.

Velasco represents clients in formal and legal proceedings, including negotiations to ensure amicable settlements that benefit their needs. He has over 2 decades advising clients concerning legal options available in complicated transactions. Mr. Velasco has drafted countless contracts and supporting documents for his New Jersey clients. He responds to inquiries, assisting clients in determining the most favorable position. He also provides legal guidance concerning appropriate business actions.

 

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Our offices are conveniently location on Route 27 in Edison, New Jersey, Attorney Velasco is ready to actively protect your interests. If you are in need of a passionate and effective lawyer, contact Velasco Law Office.




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