What Is a Holographic Will?
There is more than one type of will to choose from. And you should become well-versed in every last type before incorporating one into your estate plan. Namely, this blog covers the specifics of a holographic will. Continue reading to learn the function of a holographic will and how an experienced Butler County will preparation attorney at Heritage Elder Law & Estate Planning, LLC might deter you from selecting this will type.
What is the function of a holographic will?
Simply put, a holographic will is handwritten and signed by you (i.e., the testator). This will type has you write down the names of your beneficiaries and the explicit property and assets they are to inherit at the time of your unfortunate death. Further, this will type does not need to be witnessed or notarized when you produce your signature at the bottom of these written instructions. Evidently, this is in stark contrast to the standard will, which may be produced and overall monitored by an attorney at all times.
What are the reasons to avoid establishing this will type?
It is worth mentioning that only certain states accept holographic wills in their respective probate laws. While you may rest easier knowing that the Commonwealth of Pennsylvania is included on this list, you must understand that this will type is still strongly discouraged. This is because this will type will rather likely create serious complications for the loved ones you leave behind.
For example, it may be difficult for your loved ones to prove to the Pennsylvania probate court that the signature provided at the bottom of the document was produced by your hand. Even so, it may be hard to convince the court that your signature was provided and the overall document was written at a time when you were of sound mental capacity. There may be additional changes if the language you use within your instructions is too vague, or if your handwriting is too illegible to decipher your instructions adequately. Lastly, it may be impossible to demonstrate that this document was the final version of your will rather than one of your many rough drafts.
To save your loved ones any hassle, you may turn to books, websites, or online software tools to help you establish your holographic will. But it may be arguably better if you work on establishing a different will type with the aid of a seasoned attorney. In conclusion, there is far more to explain than this blog has only begun to cover. For more information, please get in touch with one of the skilled Butler County estate planning & probate attorneys at Heritage Elder Law & Estate Planning, LLC. We look forward to collaborating with you.
