A will is the last document of the person who made it. The state laws make it legal. A will can be made to name or nominate a person who will have the power over money and property after the deceased. This is why you need to include all of the necessary elements in a will.
The Elements of The Will
The will must include certain criteria and elements as specified by state laws. These elements must comply with state policies and rules. These are the elements mentioned in the will.
Name of The Person
In the will, the name and relationship of the relative or person to whom the will is referring should be included. You must also mention if you want to exclude a person from your estate plan. This will benefit both the person making the will and the person for whom it is being made.
List of Assets
The will should include a complete list of assets, including the number and type of property, houses, and accounts. These things must be included in the will. It is also necessary to mention the type, number and amount of insurance policies.
It must be noted if the minor children are involved. It should be clear if the will contains properties for minor children. All rights and ownership must be given to the minor children who reach the age of 18 years.
This article was written by Alla Tenina. Alla is a top Orange County Estate Planning Attorney in Los Angeles California, and the founder of Tenina law. She has experience in bankruptcies, real estate planning, and complex tax matters. The information provided on this website does not, and is not intended to, constitute legal advice; instead, all information, content, and materials available on this site are for general informational purposes only. Information on this website may not constitute the most up-to-date legal or other information. This website contains links to other third-party websites. Such links are only for the convenience of the reader, user or browser; the ABA and its members do not recommend or endorse the contents of the third-party sites.