Most people fail to write their will in advance, and this usually results to unnecessary feuds among family members of the diseased. In extreme circumstances, family members usually sue each other over unequal sharing of the inheritance. To avoid this, it is wise that you consult a Real Estate Attorney in Washington Indiana to help you draft a comprehensive will that is acceptable in court, and is clear on who gets what share of the inheritance. Some of the advice you may get from a lawyer on writing a will include.
Ensure you give an equal share to your children
It is recommended that you treat your children equally when dividing your property amongst them. This helps avoid rifts among your children who may have bad feelings of not being loved and, therefore, try to contest your will after you have passed on.
If you decide to give a bigger share to one of your children, ensure you discuss the reasoning behind it in your will or with your lawyer or even with your children to help avoid any hard feelings by your beneficiaries. For example, you may state that you have given a bigger share to your daughter because she is jobless and has kids to take care of while others don’t have children.
Review your will often
If your property gains value over time or your business profits are hardly consistent, and your will is based on the previous value of your property, you may need to amend your will to reflect these changes. This will ensure that despite the fluctuations in business profitability or property value, every beneficiary will still get a reasonable share.
Include a no-consent clause
When writing the will for your property, it is recommended that you include a clause that prohibits any beneficiary from contesting the will otherwise they lose their share of the inheritance to another beneficiary. This helps to caution beneficiaries against unnecessary competition for your property and avoid feuds that may even cause hatred among them.
If you intend to draft a will for your property, ensure you consult a Real Estate Attorney in Washington Indiana to help you draft a comprehensive legal document.
