Do you have a last will and testament in place? You have worked hard to generate wealth for your family, and now it is time for you to pass that will down to your heirs. Here are few of the most important things you need to know. 

You Must Meet the Requirements of the State

You need to make sure that you meet the requirements of the state in which you are a resident. One of the most common requirements that change from state to state is the number of witnesses you need to have. Some states require no witnesses, and  some require two witnesses.Some states also require that your witness not be your lawyer, a beneficiary, or anyone else mentioned in the will. 

Depending on the state, you may also have to get your will notarized. 

You Must Distribute Your Property

You will also have to specify what you will do with your property. This is not limited to your bank accounts or investment accounts, but can include anything else of value. A few examples include any houses, cars, and jewelry that you might have.

You Are Allowed To Disinherit People

Family dynamics can be complicated, and there might be situations where you want to disinherit relatives. If there is anyone to whom you do not want to give anything, you can specify that in your will.

You Can Appoint a Guardian for Minor Children

If you have minor children in your care, you can also specify who you want to take care of them. 

Draft a Valid Last Will and Testament With Yorkway Law Group

If you are looking for help with your last will and testament in PA, we are here to help you. At Yorkway Law Group, we can help you draw up a valid last will and testament that will specify what you want to be done with your assets when you pass away. Give us a call today!