Most people who work on their estate plans will have a basic last will and testament. A will can be invalidated, so it’s important that you take steps to make sure it remains valid.
Before you can keep your will valid, you need to know what makes a will valid. Here is more information that you should know before you start setting up your will.
What makes a will valid?
Wills are valid when they meet your state’s requirements and are in line with the law. To begin with, you will need to show that you have the mental capacity to sign a will. After this, you have to be certain that there are enough valid signatures on the will to show that your signature was witnessed.
Getting your will notarized is another way to show that you went through the correct legal channels when creating it.
Why does mental capacity matter?
To create a will, you need to have a sound mind. You will have to be at least 18 and understand what you’re doing when you sign the paper. If there could be any question about your mental capacity due to your health or other issues, you may want to have a medical provider sign off on your mental capacity before working with an attorney on your will.
How many people need to sign the will?
You will need to sign the will. In most cases, you’ll need to have at least two people witness you signing the will. It’s usually appropriate to have witnesses who have nothing to gain from the will so that the risk of undue influence is removed from the equation.
What can you do to keep your will valid?
How can you keep it valid? One of the best ways is to make sure you work with a professional to set it up and then to update it regularly. Doing this makes it more likely that it will be in line with the current state laws and regulations. It also helps you be certain that it reflects your current wishes.