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want to distribute your assets according to different priorities. Wills can be rewritten entirely, or changed by additional notes, or “codicils,” depending upon the complexity of the changes.
What Is a Video Will?
More and more people are preparing a video in which they read the will and explain why certain gifts were made and others not made. The video recording might also show the execution of the will. Should a disgruntled relative decide to challenge the will, the video can provide compelling proof that the person making the will was mentally com- petent and observed the formalities of execution.
Keep in mind that videos do not last forever and are subject to damage. You should consult a lawyer before making such a video to find out about your state’s laws on video wills. Generally, such a video would supplement, not substitute, a properly prepared written will.
Let’s Review
As mentioned earlier, there are reasons why it makes sense to use the services of an attorney to write your will. But that doesn’t mean you can’t get started on a first draft yourself. Typically the toughest part about writing a will is just getting started. So take 15 to 20 minutes right now and quickly jot down information for these three categories of a will:
First, list your assets (things you own of monetary value like a house, car, or antiques, as well as things of little monetary value that are important to you and/or others):
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