Here's a list of things to consider regarding wills:
- Consult an attorney. Although wills written without legal advice are generally
valid, an attorney can help ensure that the will actually accomplishes your
- If an attorney is not used, know the requirements for witnessing and executing
valid wills in the state. Follow them precisely. A will is more likely to be
invalidated for mistakes in execution than for mistakes in writing.
- Store the original will in a secure place, such as a safe deposit box or home
safe, or with an attorney or county probate court. Inform a few trusted friends
or family members of the will's location so it can be found when needed.
- Review the will periodically. Do not write changes on an existing will or it may
be invalidated. To make small changes, sign a formal codicil following the
state's rules for witnessing and executing wills. To make substantial changes,
execute a new will.
- If you move from one state to another, have the will reviewed by an attorney in
the new state.
- Include provisions for alternate dispositions of property in the event the
primary beneficiary does not survive or a couple dies simultaneously
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opinions on specific facts or matters, and, accordingly, assume no liability
whatsoever in connection with its use. The information contained in this newsletter
was not intended or written to be used and cannot be used for the purpose of (1)
avoiding tax-related penalties prescribed by the Internal Revenue Code or (2)
promoting or marketing any tax-related matter addressed herein. © 2015