ESTATES IN ALABAMA - GENERAL QUESTIONS ABOUT WILLSWHAT IS A WILL?
A will is a document that provides the manner in which a person's property will be distributed when he dies. A person who dies after writing a Will is said to have died in testate. If someone dies without writing a Will, they have died intestate.WHO MAY MAKE A WILL?
In Alabama, the maker of a Will must be:
- At least 18 years old
- Of sound mind
- Free from improper influences by other people.
A Will must meet certain requirements set by the State to be considered valid. In Alabama, the following requirements must be met:
- The Will must be written.
- The Will must be signed by the maker.
- The Will must be witnessed by two people in the manner required by law.
Any amount of property that you own constitutes your estate. Generally, the size of your estate and your family circumstances determine whether you need a Will. An estate does not have to be any particular size to justify a Will. If you have young children, or property which you would like to assure will be given to certain people, then you should consider writing a Will.WHEN DO I NEED TO WRITE A WILL?
A Will should be written while the maker is in good health and free from any emotional distress. A prudent person does not wait for a catastrophe or other compelling reason to make a decision.WHO MAY DRAFT A WILL?
There is no requirement that a person consult a lawyer before drafting his or her own Will. However, the proper drafting of a Will can be a delicate operation, and it is best to consult someone who has experience. A lawyer can make sure that your Will is legal, and that your property will be given to the people that you intended. A lawyer can also help construct a Will so that your family saves money in administering the estate, and reduces their taxes.IS A WILL EXPENSIVE?
A lawyer will usually charge for a Will according to the time spent in preparing the Will. If you have a small estate and a simple plan for distributing your property, then your Will should cost less than one for a larger complex estate with several people receiving property.MAY A WILL BE CHANGED ONCE IT IS WRITTEN?
A person may change his Will as often as he desires. However, the changes must meet the same requirements listed above for the original Will. No change should be made without first consulting the person who drafted the Will.HOW LONG IS MY WILL "GOOD"?
A properly written and executed Will is "good" until it is changed or revoked. Writing a second Will usually revokes the first Will. However, if there is a change in your estate or your family makeup, you may consider changing your existing Will or writing a new Will. For example, if you sell your house you may need to change your Will to reflect the change in your estate.WHAT SHOULD I DO WITH MY WILL ONCE IT IS WRITTEN?
Once you have written your Will, you should keep it in a safe place, such as a safety deposit box at a bank. You should also let your family know where the Will is so that they can find it when you die.