Of all the documents we sign throughout our lives, there is one that makes us a bit uneasy because it forces us to face the fact that, one day, we will leave never to return. We are referring to the will. In this post, we will provide a brief overview of what it is and the reasons why we should all make one.
What is a will and what is it for?
A will is our act of last will and testament, in which we can express everything we want or deem appropriate in relation to our successors or heirs and our assets. The only requirements needed to formalize it are being of legal age and having sufficient legal and acting capacity.
The most common type of will is the so-called open will, which is formalized in a public document, authorized by a Notary, and kept in their archives. Only after the testator's death (never before) will a copy be delivered to those listed in it as heirs. And to no one else.
5 reasons why you should make a will
Some reasons for formalizing one are outlined below:
- It is a simple and quite affordable document.
- It facilitates all the post-mortem probate procedures for the heirs.
- It will allow you, if it is your wish, to disinherit any of your forced heirs.
- It is the way to avoid family conflicts. The heirs, whether they like it or not, must respect that last will.
- It allows the testator, in the case of having minor children, to appoint guardians.
Tips before making a will
It is very important to feel free when making a will, without listening to the opinions and views of those around us; let's not forget that it is going to be our last will, not that of our relatives.
If you have doubts, it is essential to have professional and expert advice to clarify them. At Mr. Loris, we offer hourly Legal Advisory vouchers specialized in collaboration with El Bufete del Mercado. From wherever you are, whenever you need it, with no commitment. Online, at the office, or at home. You choose how many hours. No fine print.
Article written for Mr. Loris by El Bufete del Mercado
