Well, from my experience, it's impractical to have a will unless you really have lots and lots of property to leave behind. For notarial wills, there are very strict rules to comply with in terms of form and execution so you'll need to hire a lawyer to help you. What's more, even if you have a notarial or holographic will, you'd have to have it presented to the Court for probate before any of its substantive provisions can be given effect. Again, you'll have to hire a lawyer to do it for you. Although not required by law, people who make wills should designate who their executors will be and who shall administer the estate while probate is going on.
I think it's more important to plan your estate during your lifetime so that even if you die intestate, there will be very little of your assets left subject to the estate tax. There are lots of ways to do it and I guess its all a matter of preference on the part of the person.
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January 9th, 2008 05:37 PM #14Last edited by Altis6453; January 9th, 2008 at 05:45 PM.
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