Creating a will is one of the most important steps you can take to protect your loved ones and help ensure that your wishes are honored when you’re gone. Unfortunately, many people overlook seemingly minor details that can lead to confusion, delays or even legal battles.
Whether you’re preparing to write your will or reviewing an existing one, here are some blunders you’ll want to avoid.
1. Failure to meet legal requirements
For your will to be valid and legally enforceable in Pennsylvania, you must fulfill certain legal requirements. For example, you need to be of sound mind and legally competent when creating your will. In addition, it must be properly signed, ideally in the presence of at least two qualified witnesses, to help prevent any future disputes.
2. Being too vague or general
Be specific and use clear, direct language to avoid misinterpretation. Saying things like “divide everything equally” without clearly naming beneficiaries can lead to arguments. Specify what each person is to receive using their full names to prevent unnecessary disputes.
3. Naming the wrong executor
The executor will be responsible for administering your estate and carrying out your final instructions. Don’t just pick someone you trust; ensure they’re also organized, capable of handling the ensuing legal and financial responsibilities and willing to do so. It’s also wise to name an alternative or co-executor.
4. Trying to do it yourself
Creating a will yourself or using online templates may seem convenient, but it could backfire badly. You may unknowingly leave out crucial legal details or make other mistakes that could derail your plans. Having experienced estate planning guidance can help you do everything right to protect your legacy and prevent complications after you’re gone.