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What Is a Holographic Will?
A holographic
will is a handwritten and testator-signed document and is an alternative to a will produced by a lawyer. Some states do not recognize holographic wills. States that do permit holographic wills require the document meet specific requirements to be valid. The minimal requirements for most states are proof that the
testator wrote the will, evidence that the testator had the mental capacity to write the will, and the will must contain the testator's wish to disburse personal property to beneficiaries.
KEY TAKEAWAYS
- Holographic wills can be alternatives to wills that lawyers create.
- Holographic wills do not require notarization or witnesses.
- This type of will can lead to problems in probate court.
How a Holographic Will Works
Holographic wills do not need to be witnessed or notarized, which can lead to some issues during will validation in probate court. To avoid fraud, most states require that a holographic will contain the maker's signature. However, the courts will have to determine whether the will was signed in the testator's signature and by the testator's hand.
Handwriting experts or people familiar with the decedents' handwriting must convince the court that the signature was indeed that of the deceased. Problems arise when the handwriting is vague or illegible.
As with any
will, a testator to a holographic will must be explicit as to named beneficiaries and the receipt of property or assets, such as stocks, bonds, and fund accounts. The testator may also detail circumstances for recipients to meet to receive named assets.
Holographic wills are not accepted in all states and are subject to each states' laws.
Some lawyers recommend that explaining why specific property or other assets such as
securities would be left to which beneficiaries would indicate that the testator was of sound mind. Being of sound mind is a crucial provision in determining the validity of a holographic will.
Also, a holographic will argued in probate court may not contain the testator's final wishes. The decedent may have written the holographic will as a draft or may have utterly forgotten to update it. These questions may be brought up in court.
Ron