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Last Will And Testament Laws
By Damian Sofsian
The laws of each state specify conditions for writing a last will and testament. Under old common law there used to be a separate writing disposing of real property (real estate) called �testament�, and a separate writing disposing of all other property called �will�. Hence the archaic phrase �last will and testament�.
The law comes to play especially when a person dies intestate. In Alabama, for example, if a person with a wife and 2 children dies, leaving $100,000 without a will, then the spouse will receive the first $50,000 in property value plus one half of the balance of the estate, and the children will receive one fourth of the balance of the estate. Similarly, if there is no will, the person�s administrator cannot carry on the business of the deceased without approval from the court. If there are minor children (under 19), the court may appoint a guardian. Since the person has not named an executor, the state will appoint one to take care of the estate.
Some states recognize holographic wills which are completely handwritten personalized documents of persons caught in emergency situations. A holographic will need not be witnessed but a proof of handwriting must be produced in the court during probate proceedings.
If the will is not holographic and is printed it is required that the testator must sign it in the presence of at least two witnesses (three in some states like New Hampshire). To avoid future contesting of wills, it must be declared that the testator is of sound mind and free from undue influence from any quarter. The Law is also common to all states that the witnesses to the will cannot be named as beneficiaries in the will.
The law also allows for a person to change his will according to the changing circumstances in his life. He may marry, have a new child, get a windfall profit, etc. Revoking earlier bills and executing new one can bring changes. Or, codicils can be added to the existing will, which makes amendments, deletions and additions. A witnessed will can even be amended by a holographic codicil.
The laws of each state differ slightly in their formation and implication. But basic laws in all states follow the above patterns.
Last Will And Testament
provides detailed information about last will and testament, contesting
a last will and testament, free last will and testament packages, how
to write a last will and testament and more. Last Will And Testament is
the sister site of Probate Court.