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September 4, 2021

Law

How to write a will in 5 steps

According to several family law attorneys, writing your will is one way to fulfill your responsibility to your family. Writing a will helps to prevent problems regarding sharing your estate and caring for your family upon death. Unfortunately, many people believe that writing a will is a serious task and you can always do that when you are old. However, you can write your will now, as it is never too early to write a will as long as you are 18 years old; you can always update it later on.

Meanwhile, the following are ways to write your will in five steps:

1. Plan When to Write Your Will

You must be at least 18 years old to write a will. Meanwhile, you should plan when you will write your will. As soon as you get married and start having kids, or when you get some assets, plan when to write your will. This will allow you to state who will get what out of your properties and how your kids will be taken care of.

2. List Your Property

The second step to write your will is to draw up a list of all the belongings you have. Making an inventory of all you have will allow you to allocate them appropriately according to your wishes. The list may contain real estate, bank accounts, vehicles, investments, retirement plans, jewellery, artwork, and other personal assets.

3. Allocate Your Property

Going through the list of your belongings, decide what you will leave to who. You can decide who benefits from your assets and property. It is, however, essential to state in clear, quantifiable terms. You can leave all your properties to one or more people, based on how you want to share your property.

4. Appoint Your Executor and a Guardian for Your Children

You must appoint an executor; someone you trust to distribute your assets and manage your estate according to your wishes. Your heirs will become executors if you do not appoint an executor. Also, if you have minor children, you must designate a guardian that will look after them until they have grown up, only if you are the last parent to die.

5. Choose the Type of Will You Want

There are three types of wills: notarized, witnessed, and holographic wills.

  1. Witnessed Will: You can write this type of will alone or with the help of a lawyer. However, you must sign it in the presence of two adult witnesses who will also sign together with you. Meanwhile, neither of the witnesses must be an heir or beneficiary, according to family law. However, a witnessed will can be handwritten or typed using a computer. It will still retain its authenticity and acceptance.
  2. Holographic Will: This type of will requires you to write your wishes on paper. You must write it by hand and sign it. You do not require a witness for this type of will. However, this type of will has its risks like interpretation issues after death.
  3. Notarized Will: This is a registered will that is usually written after receiving advice from a notary to ensure that no aspect of family law is violated or interpretation issues are caused.

Takeaway

Follow the steps above to write your will without hassles. Meanwhile, you can contact us when looking for an experienced family law attorney for help on writing a will or other family-related issues.

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Law

What is Personal Injury Protection? PIP

Personal injury protection, also known as PIP or no-fault insurance is a type of car insurance that covers medical costs and lost wages regardless of who was at fault for the accident. PIP coverage is usually very limited and doesn’t cover damage to your car or injuries that you sustain from a car accident.

So basically it is a type of insurance that covers you in the event of an accident. There are two types: medical coverage and no-fault. Medical coverage pays for your medical expenses after an accident, while no-fault will pay these costs before you file a lawsuit against the at-fault party.

This post will discuss how to choose between personal injury protection plans and what their benefits are.

Benefits of Personal Injury Protection:

Personal Injury Protection comes with many benefits depending on which plan you choose to purchase. However, the most important advantage of PIP coverage is that it will cover your medical bills.

This means you do not have to worry about filing a claim with the other party’s insurance company or paying out-of-pocket hospital costs if they are at fault in an accident.

Another great benefit of this type of insurance is that it covers funeral expenses. You can rest easy knowing any outstanding debts after an accident caused by another driver won’t affect you financially because these plans include death benefits.

When purchasing Personal Injury Protection, there are many factors to consider before deciding which policies are right for you individually and your family members who may be included in your policy plan.

Therefore, it is best to work with an insurance agent to determine the best plan that fits your budget and needs.

People often choose to purchase additional plans and personal injury protection, such as uninsured and underinsured motorist insurance. These types of policies cover you should the other party be at fault for your injuries but do not have enough coverage themselves or if they don’t carry any auto liability insurance at all.

Personal Injury Protection is a great option for anyone who does not want their medical costs affected after an accident caused by another driver nor worry about funeral expenses should something happen while driving on the roadways.

You can rest easy knowing that you will always be covered up to certain limits no matter what happens because this type of plan helps pay before filing a lawsuit against them when necessary after being involved in an accident with another vehicle.

Choosing the right PIP plan is all about finding what’s important to you and your family. You’ll want to consider which benefit matters most, whether it be funeral costs or medical coverage, as well as how much this type of insurance will cost you in monthly premiums.

Conclusion:

In conclusion, a Personal Injury Protection plan is a great option for anyone who wants to ensure their medical expenses are covered in the event of an accident.

Check out the best car accident lawyers in Orlando today itself!

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