Illness And Property Ownership Gets You Thinking
These days, selling and buying of property is on trend. People are interested to buy more and more property so that they can show the rest of world that they have too much property and too money. On the other side, some of people are also taking in interest to sell their property. There are many reasons for selling property and one of major reason is a family dispute. In a family, which does not have unity even a single point, then it is become necessary to sale all property so that they can live happily their life.
But, one other scene is that a person owners many property and suffering from critical disease. He is not able to take care of his property, then what will happen to his property. In this case, property owner is not able to do any task related to his property. Even, he is not able to sale his property. This is the scenario, when a relative or close person should have to come in contact if other person is ready to buy his property. No buyer is present at the current time, and then relative may go to district court and ask for someone or arrange a person who can manage or take care of the property of ill person. Within the limited time period, court authorities have to take legal and necessary steps and will approve his application.
First step is that court will hire a collector who will investigate that person is ill and not able to do his tasks by own. After getting report from collector, court authorities will appoint a person as manager who will manage and take care of all property. Appointed person as manager will have all powers as ill person has related to his property and court is responsible for providing him all powers.
One of other step which may be taken by ill person is that writing a will. He can contact to one of famous lawyer and prepare a will for his all property. After him, will read by lawyer and court and his relatives will have to follow all steps which is specified by ill person in the will. No one can go against the will otherwise court has the rights to punish that person.
For writing your own will, no specific skills are required. You can write your will on your laptop and submit it to your state court. By following state laws, court will take care of your wishes.
Necessary steps for writing a will are here that you must have to keep in mind:
Step I: first write introduction about will and give it specific title
Step II: now, choose your executor
Step III: you also have to introduce your heirs in will
Step IV: if any minor children, mention a guardian name for him
Step V: divide your property and assets as your wish
Step VI: in the last, place your signature on the will
Step VII: you should also ask to witness for signing your will