Law Boy

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Sunday, January 2, 2011

Will You Have a Will?

Wills make many problems. But, it is not the wills themselves; it is more the lack of wills. A will or testament is a legal declaration that is opened upon a person’s death and gives instructions on how to settle their estate. In other words, it tells who gets their belongings: it is usually their children, spouse, and sometimes charities or colleges. It also states in some cases who is to take care of their children, if they are not there to. If people don’t state any one of the above clearly in their wills in most cases will be arguments, big arguments, regardless of the amount of money involved. The gift of money or clarity of intent is replaced by competition among piranha for the carcass of a water buffalo. Maybe there should be a requirement to have a will at a certain age or with a certain amount of wealth. For example, if you renew driver’s license at age 40 or more you have to have a will.

Lawboy-