Nobody wants to think about death, but if you are the breadwinner of the household or have financial obligations, it’s important that you pay thought to what will happen when you pass. Everyone has heard about a will, but a large number of people fail to get their wills in Reading completed. This legal declaration is carried into effect after a person’s death.
The confidential document will highlight the individual’s wishes for his/her property. Additionally, if you are charitably inclined, you can request that the will direct your assets to a particular cause/organization. Essentially, the document ensures your wishes are carried out, and prevents loved ones from dealing with legal issues and potential monetary pitfalls when you die.
Reasons Why You Need a Will
No matter who you are, where you’re from, what your age or profession, it’s vital that you take the time to complete wills in Reading. A professional can assist, so you don’t have to worry about getting lost. Not only will the document give you sole discretion over the distribution of your assets, but also it will provide for the care of minor children, direct the smooth transition of business or investments, and let you decide how belongings are distributed among family members.
The Characteristics of a Will
There are two characteristics of a will that you ought to focus on when contacting companies for wills in Reading. They are:
- Wills in Reading should come into effect following the death of the testator.
- The testator should be able to revoke it at any time.
An individual who has not taken the time to sort out this document will have died intestate. This means that his/her property and assets can be inherited by legal heirs, including the spouse, children, parents, sisters and brothers.
Choosing Suitable Types of Wills in Reading
Before you pay for wills in Reading to be completed on your behalf, you must set forth your wishes. By doing so, you can figure out what type of will best suits your situation. Here’s an overview of the varieties:
- Holographic Will – This type will rarely hold up in court, because it is signed without witnesses present.
- Living Will – Medical care, such as life support, is the main focus of this will.
- Self-Proving/Testamentary Will – Traditional and the most well-known type of wills in Reading, self/proving testamentary wills are signed in the presence of witnesses.
- Oral Will – Witnesses will listen to your spoken testament with this will, which is not overly recognized by legal professionals.
Harrison’s Solicitors will provide you with expert legal services, specializing in drafting wills in the Reading area. Visit them online for more details.