It's a topic no one wants to think about, but something that is necessary. Eventually you're going to die, and your will must decide where your assets go. Some think they do not need to write up a will until they are older. However, there are no guarantees, and unfortunately you need to be prepared for the worst. Writing a will may seem overwhelming, but there are a few things that can make it easier for you.
Take Initiative
Many people have the best intentions about writing a will, but it never happens. It can be difficult to set aside the time to do it, and it can be difficult to think about your death. The first important step is to commit to making sure your assets are distributed the way you wish.
Familiarize Yourself With the Process
An important step to writing your will is familiarizing yourself with the process of how a will works and how to go about writing one. You will need to figure out which of your assets needs to be included. You should check with your state to see what the laws are regarding wills. Laws can vary, and you need to make sure yours is valid. Sometimes you need it to be notarized, and sometimes you only need a witness present when you sign.
Find a Lawyer
Because this is such an important piece of paperwork, it's best to have someone on your side who is experienced in the legal aspects of writing a will. While it may seem simple and straightforward, you might be surprised at how specific the wording must be and how complicated the process can be. Working with a lawyer can help you make sure your document is up to date and that it expresses your desires for after you are gone.
Choose Your Witnesses
Another important step is finding the people to be your witnesses, as well as the person who you'd like to appoint as executor of your will. This is an important task and something that shouldn't be taken lightly. Be sure to choose someone who is responsible and someone you can trust. Since you won't be there, you want someone who you know has your best wishes in mind. This might include someone like:
- Your spouse
- Your child
- A sibling
- A close family friend
You might want to consider having a backup person as well, especially if the person you choose is close to your age or someone who might pass away before you. That way, you won't have to worry about unneeded drama when it comes to carrying out the will.
Don't Forget Sentimental Items
Many people make the mistake of only including the big things in their will. For example, items like your home, car, and money from a life insurance policy are sure to be included. However, there are smaller items that should be included too. This might include jewelry that holds a sentimental value to you or something of little to no value that you would like to go to a certain person. Including these things in your will along with the more valuable items will help prevent chaos and stress for your loved ones after you are gone.
Put the Will Someplace Safe
Your will needs to be kept in a safe spot so nothing happens to it. Also, it's important for someone to know where it is. Make sure you communicate with several people you trust and tell them where you have put it. Writing your will can be hard, but you will likely feel relieved when it is over. Following these steps can help ensure it is legal and complete.
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