It is always a good idea to have a will, whether you have one or not. A will can enable you in dividing your estate among your loved ones according to your wishes, as well as safeguard your loved ones from financial hardship if you pass away. A family estate and will lawyer can help you prepare a will and protect your loved ones if you are concerned about their well-being.
Types of Family Wills
There are many types of will or family will which are different in nature and purpose. But these are four main and common types of will worth knowing:-
- Ordinary Will or Simple Will
This is often called simple will, will or ordinary will. It serves the main purpose in which you can decide to whom and how you will distribute your estate. You can also name the guardian of minor kids etc.
- Testamentary Will or Trust will
Its like entrusting your assets to some trust, for the use of its beneficiaries and to provides for the name of trustee who will handle your assets for that purpose. It is better, if you don’t want to entrust your assets to direct heirs to handle on their own. here you can put conditions of age and other factors for the use of your assets through trust.
- Joint Will or Mirror Will
Two or more spouses sign a separate will for each testator to inherit everything. But unfortunately, this cannot be changed when one of the testators so the other cannot change their decision later on.
- Living Will
Living will is entirely different from all other wills as it does not meant to distribute your estate instead it make you decide what medical treatment you want if unfortunately you become incapacitated. However, you can nominate someone to make decision on your behalf.
Types of Family Laws
There are different types of family laws which you need to look into according to your situation like:-
- Juvenile Matters.
- Guardianship.
- Estate Planning.
- Termination of Adoptions and Parental Rights.
- Domestic Violence and Protective Orders.
- Child Custody and Paternity.
- Name Changes.
- Marriage Dissolution.
Will Limitations
Will has some or many limitations based on some creed or law enforced in you country. Like in Islam, you can only make will on 1/3 of your total estate during your life and the rest if you leave on your death will be distributed on the legal heirs/Sharai heirs as per the shares written in The Holy Quran.
Living will can be co-exist with other wills as it serve the totally different purpose
Family Will Lawyer Near You
Each country has civil and criminal courts where lawyers have their offices around courts where you can easily find your family will lawyer. In Pakistan Mr. Sohail Afzal Warraich Advocate High Court, Lahore, Pakistan Phone: 03006063934 can help you prepare your family will according to your own creed, as per enforced laws and policies of Pakistan.
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