Don’t Leave Your Loved Ones Unprotected: What To Consider When Creating Your Will

When it comes to legal documents, there's one that most people try to avoid, and that's their will. Unfortunately, being without a will can create serious problems for the loved ones that are left behind. If you don't have a will, you should sit down and take care of that as soon as possible. When you pass away without a will – or intestate – your estate is automatically entered into probate, which means your loved ones could be waiting several years to gain access to your assets. However, when you have a will, your estate is handled in a more efficient, less stressful manner. Here are four steps you should follow when creating your will.

Don't Leave Your Executor in the Dark

When you sit down to create a will, the first thing you need to do is select an executor or the person who will be responsible for overseeing your estate. You want to choose a person that you trust, but you also want someone who will have the time to ensure that your will is handled correctly. Once you've selected your executor, sit down and discuss your decision with them. You don't want to leave them in the dark. With advance knowledge about your decision, your executor will be able to step in as soon as it becomes necessary.

Make a Complete List of Everything You own

One of the purposes of a will is to allow you to choose where your assets go after you pass away. However, you can't do that effectively if you don't know exactly what you own. Before you start dividing your assets and personal belongings, take the time to make a complete list of everything you own. Once you have the list, write a name next to each item. That way, you'll know exactly who you're leaving each item to.

Be Clear About Your Wishes

When it comes to your will, you want to make sure that you're absolutely clear about your wishes. The instructions shouldn't leave any room for confusion. For instance, if you have a pet, be sure to provide details of how you want your pet to be cared for. This should include who you want your pet to be left with. Being clear about your wishes will help prevent family squabbles once you've passed away.

Choose a Guardian for Your Children

If you have minor children, you need to be sure to designate a legal guardian for them. You might be assuming that the other parent will care for your minor children, but that might not be the case. This is particularly true if you and the other parent pass away at the same time, or the other parent is left incapacitated. Be sure your children are cared for after you pass away by designating a guardian.

Don't take the chance that you pass away intestate. If you have questions or concerns about your will, schedule an appointment to speak to your local wills law firm as soon as possible.


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