Many people are well aware of just how important making a will can be for the future of their loved ones. Even so, they may hesitate to create one, for many reasons. Wills are an important part of an estate plan here in Nevada and elsewhere. They convey who will inherit one’s property or possessions after that person’s death, and can even designate a guardian for minor children. Yet, many people do not know how to go about creating one, or know about the other legal implications that can go along with doing so.
In order to create a will in Nevada, the person to which it belongs — called a testator — must be at least 18 years old and of sound mind. The document must have a statement saying that it is, in fact, the will of that testator. Handwritten wills, also known as holographic wills, are permitted in Nevada, but otherwise the will must be typed. An executor must be named, along with a guardian if the testator has minor children, and instructions for the disposition of property. It must be signed by three people — the testator and two witnesses.
If a person passes on and he or she has not created a will or included some other form of appropriate instruction within their estate plan as to how their possessions should be dispersed, Nevada state law will determine what happens next. Wills can be updated with additions referred to as codicils. If the will needs to be completely changed, it can be revoked and a new one created. Since Nevada is a community property state, a testator cannot disinherit a spouse through his or her will.
Those who still have questions may find it helpful to learn more about wills in the state of Nevada. Families who do take the time needed to create a will may feel greater peace of mind after doing so. They will have more confidence that their loved ones will be cared for and their wishes will be honored.
Source: FindLaw, “Making a Will FAQs“, , Sept. 14 2014