Creating a will is, perhaps, one of the most responsible decisions you can ever make. Besides taking the guesswork out of the equation when it comes to your wishes, a properly executed will can also go a long way in pacifying potential conflicts over your assets.
Unfortunately, it is not uncommon for some people to make costly mistakes while creating their wills. If left uncorrected, these mistakes can complicate matters and scuttle your legacy.
Here are common mistakes that you need to avoid when creating your will
Failing to make the will properly
For your will to be deemed valid and enforceable in Ohio, it must be properly made. This means that you must be at least 18 at the time of creating your will. And that’s not all. You must have the testamentary capacity to create a will. Additionally, your will must be properly witnessed by two adults of sound mind. A will that is not properly made can be disputed and rendered invalid by the probate court.
Choosing the wrong executor
The choice of an executor is just as important as the decision to create the will. Most people prefer naming their spouses, most trusted adult children or a close friend as their will’s executor. And this is perfectly okay. However, it is advisable that you take the issue of possible conflict of interests into account when naming close relatives as your will’s executor. Depending on your family dynamics, it may be better to choose a third party who can be more objective while handling their duties.
A will is one of the most important legal documents you can ever create. Find out how you can create a will that will give you peace of mind knowing that your loved one’s interests will be taken care of when you are gone.