What to Know About Creating a Will
The loss of a loved one is one of the hardest things that you can go through in life. However, you can make your passing easier on those who love you by creating an estate plan. This can be done either on your own or with the help of will lawyers Edmonton.
What Does a Will Do?
A will makes it possible for your last wishes to be put into writing. It can stipulate who gets assets such as a house, car or anything else that you want to transfer to your children or grandchildren. It can also say who gets custody of your children if the other parent is unable to take care of them after your death. Will lawyers Edmonton will be able to help you craft the document in a manner that conforms with relevant legal statutes.
You Can Alter a Will After It’s Executed
It is possible to change the terms of a will after it has been executed. How the will is changed depends on how significant the change is. For instance, if you simply want to change the name of a beneficiary, you can likely do so with a codicil. It is a document added to the will that must usually be signed and dated. However, if the change is significant, it may be best to create a brand new will.
The same could be true if you have added numerous codicils as a new document may be easier for your executor to follow. It is important that your will is typed as opposed to written in pencil. This is because it can be easier for someone to allege that a handwritten will was forged or otherwise changed without your knowledge or consent. A legal challenge to a will could strain relationships and cost money that could otherwise go to your beneficiaries.
Are you ready to talk to wills and estates lawyers in Edmonton? Visit the Edmonton Wills & Estate Lawyers website to get the help you need.