Tag: drawbacks of not having a will

The 4 Major Pitfalls of Not Having a Last Will and Testament

There are four major downsides to not having a valid will upon death.

1. Inheritance

Without a valid will setting forth who will inherit your estate, ie. your house, money, prized coin collection, etc. the property will be distributed according to Ohio law and not your wishes.  Remember, if you want to be the one to decide who inherits your estate, you must have a valid will.  So what makes a valid will in Ohio? In a nutshell, it must be in writing, signed at the end by you, and signed by two competent witnesses who saw you sign your will.  Although it may be simple enough to execute a valid will, the … Read the rest