When it comes to your peace of mind, few things are as important as a solid will. Yet so many people put off creating one until it’s too late. Don’t wait until you’re facing a health crisis or other personal emergency to start thinking about your will. Instead, follow these simple steps to get started on setting up a will today!
Choose an Executor
This is the person who will be responsible for carrying out your wishes according to your will. They should be someone you trust implicitly and who is organized and detail-oriented. If you don’t have anyone in mind, you can always appoint a professional executor such as a lawyer or accountant. However, it would be best if you also choose an alternate executor in case your first choice is unable or unwilling to serve.
Gather Your Assets
Make a list of all your possessions, including real estate, financial accounts, jewelry, art, and collectibles. If you have any debts, make sure to include those as well. This will give you a clear picture of what needs to be taken care of in your will.
If you have minor children, this is also a good time to decide who you want to appoint as their guardian. Again, this should be someone who shares your values and who you believe would provide a loving home for your children if something happened to you.
Draft Your Will
There are a few different ways to go about this. You can use an online service, hire a lawyer, or even draft it yourself using a template. Just make sure that your will is properly witnessed and signed according to your state’s requirements.
Once you have a draft of your will, take some time to review it and make sure that everything is in order. Make any changes that you feel are necessary, then have it reviewed by lawyers to ensure that it’s legal and binding. Also, be sure to keep your will in a safe place where your executor can easily find it. It’s also a good idea to give them a copy so they can start carrying out your wishes as soon as possible.
Review Your Will From Time to Time
Your will is a living document that should be reviewed and updated as your life circumstances change. For example, make sure to update it if you get married, have children, or experience any major changes in your assets. This will ensure that you will always reflect your current wishes.
In addition, it’s a good idea to review your will every few years just to make sure that everything is still in order. This will give you peace of mind knowing that your affairs are in order and that your loved ones will be taken care of according to your wishes.
Creating a will may not be the most pleasant task, but it’s an important one. By taking care of this now, you can rest assured knowing that your loved ones will be taken care of according to your wishes.