A Maine Last Will and Testament is a Legal document by which the people of Maine may distribute their estate (personal belongings, real estate, bank accounts, money etc.) among their loved ones as per their wish. This document will be effective only after the death of the testator (the person who created the Will).
Once you have downloaded this DIY Last Will and Testament template for Maine;
- Fill it out and validate your will as per your state laws.
- If it feels overwhelming you can try TrulyWill, where you can DIY with the help of guide questions and support to answer your queries too. You can also book an attorney if you need specific legal advice for a nominal fee.
- Use the platform to come back and update your will as per your convenience.
You can draft a Will using this template together with a straightforward estate plan. To prevent your Will from being rejected by the probate court later on, you should talk to one of our attorneys if you have a high net worth or any other complicated concerns in your personal or financial life.
Along with the commonly asked questions, you can find all the necessary details about the legal prerequisites for creating a valid final Will in Maine below.
Testator’s requirements:
In Maine, any person who is 18 years of age or more and is of sound mind may make a Will.
Sound mind- A person is said to be of sound mind if he is capable of knowing the nature of the act he is involved in and is able to distinguish between right and wrong. In simple words, you must be aware that you own some property for which you are creating a Will, and to whom you are making the beneficiaries.
Signature Requirements in Will:
Every Will must be signed by the Testator and at least 2 witnesses. These 2 witnesses must sign the Will in the presence of the testator and in the presence of each other.
Note - There are various exceptions and special rules but these are the standard requirements for Maine Wills.
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Stepwise procedure on what to include in the Last Will and Testament for Maine.
STEP 1: List your Assets.
Make a list of everything you own, including both tangible and intangible assets, first. Your personal belongings, real estate, bank accounts, jewellery, and life insurance policies may all fall under this category.
This will make it clear to you which assets will be distributed via your Will or other legal procedures.
STEP 2: Choose Beneficiaries.
A Beneficiary is a person or an entity( trust or organization) in whose name you bequest your assets in the Will. Your family, friends, relatives or any other person whom you want can be a beneficiary under your Will.
You also have the right to disinherit any relative, child or spouse from your Will whenever you want. It is advised to take legal help for this purpose.
STEP 3: Choose an Executive/Personal representative.
As your personal representative, you should always pick someone reliable, competent, and responsible because they will have a lot of control over your assets after your death.
These include:
- Paying your debts.
- Paying funeral expenses.
- Distribution of assets among beneficiaries.
- Appointing attorneys to assist in probate.
STEP 4: Choose a Guardian for your minor children.
You can name a person who will look after the minor children after the death of the testator. This includes food, shelter, education and medical care. Guardianship of a minor terminates when the minor attains the age of 18 years.
STEP 5: Signature of Testator and Witnesses.
After writing everything in your Will, you need to sign it along with 2 witnesses. These witnesses are also required to sign your Will to make it a valid one.
STEP 6: Store your Will in a safe place.
Once you have completed all the necessary steps to create a Will, you must store it safely to prevent loss or theft. It is recommended that you distribute copies of your Will to each beneficiary and executor so that they are all aware that you have made a Will. If you pass away unexpectedly and nobody knows about it, it would be challenging to locate your Will. Additionally, it's possible that they won't ever learn that you have a Will as well. It is crucial that you share this information with your beneficiaries and heirs.
You can also use TrulyWill’s platform to store your Wills and review it anytime, anywhere.
STEP 7: Review your Will periodically
Making a Will is not enough if you have not updated it after any major event that has happened in your Life. Events like marriage, divorce, births and deaths are likely to affect the decisions made previously in the Wills so it is important to update it accordingly to avoid any future stress to you and your family members.
Know more about Last Will and Testament requirements in Maine.
You may also look for the Advance Healthcare Directives in Maine.
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