4 Essential Tips To Follow When Creating A Will
Having a will is the primary tool you need for planning your estate. While you can make one yourself, you should consider hiring a lawyer to do it for you. Your lawyer will ensure that it is a legal tool and that it contains the right information. Here are four essential tips you should follow as you create this critical document.
Hire a Family Lawyer to Make It for You
When you hire a lawyer to make your will for you, you can know for sure that it will hold up in court. The lawyer will create it on a form that states, "Last Will and Testament." The form will have your signature on it as well as other essential features, such as a witness signature. Your lawyer will also make sure you include all the necessary details of the arrangement you desire when you die.
Choose an Executor for It
One thing the lawyer will talk to you about is the executor. An executor is a person you name on your will to handle all the issues related to settling the will. After you die, your executor is responsible for ensuring that your assets get transferred to the correct individuals. You should choose a person you trust as your executor, such as your child, sibling, or best friend.
State Your Beneficiaries and What You Want to Give Them
Next, you must choose who your beneficiaries are and what you will give them. If you have two children, for example, you might name them as your beneficiaries. If you do not want to list everything you own on the will but want to give them each half of your assets, you could state that you want everything you own divided equally between these two children. Make sure you list their names and that you want to divide your things 50-50 between them. If there is a person in your life that you want to exclude from your will, make sure you name that person on the document.
Store It in a Place Your Family Can Find
Once the lawyer presents you with your will, read it over to ensure that it is accurate. You can then take it home and store it in a safe place. You should make sure your family members know where you put it.
If you have questions about creating a will, talk to a family lawyer or visit websites like http://www.davis2.com/.