The importance of a will

A will is an important safeguard to ensure the wishes of an estate planner are honored which is why it is helpful to understand the components of a will and how to ensure a will is valid. A validly executed will is a key component of an estate plan so estate planners should understand what it involves.

There are several requirements that need to be met to ensure a will is valid. To begin with, the estate planner must be of sound mind and understand what they are doing in executing their will. Additionally, though writing requirements can vary by jurisdiction, it is a good idea for the will be written. There are also witness requirements and signature requirements that must be satisfied. It is essential for estate planners to be familiar with these requirements.

Wills can be subject to challenges and other types of disputes which is why it is so helpful for estate planners to know how to ensure their will has been well prepared, thoroughly drafted and properly executed to ensure it reflects their wishes for how they want their property to be distributed and that it is valid. When a will meets all the requirements necessary to be valid, and accurately reflects the desires of the estate planner, it can provide peace of mind for the estate planner and for their family members.

Estate planning is crucial for everyone to consider and estate planners should be aware of the variety of helpful estate planning tools available to help them with their estate plan. A will is an important starting point for any estate plan that estate planners should ensure they understand.