Will Creation Checklist

Will Creation ChecklistDeciding to write your will right presently is, by all means, an excellent idea. Death is inevitable and writing a will is the only way to make sure that your wishes will be respected even after your time has passed. It is also the best way to make sure that your loved ones will be adequately cared and provided for upon your death.

But the actual process of writing a valid will- one that can stand up in the eyes of the law- is more complex than most people believe. Without taking the right steps, the chances are that your will may be thrown out, and intestacy rules may be brought into effect after your demise.

To help you take the right path here is a short checklist of the five most important factors to consider when writing your will.

The type of will

There are several different types of wills that one can choose to create, and each one comes with its unique advantages and disadvantages. So the first thing you will need to do is to decide which type of will work for you.

Most people in the United States prefer to go with a standard simple or statutory will. This kind of will is ideal for individuals who do not have large estates or fortunes to distribute. The will can easily be created by completing standard templates designed according to the requirements of your state.

Alternatively, you could choose to create a living trust instead. Unlike the common will described above, a living trust does not have to wait until your death to be implemented.

Property to include in the will

The main idea behind the creation of a will is to ensure that all your property goes to the people you choose once you die. As such, it is important to know the size of the estate that you wish to divide among your loved ones.

Start by taking an inventory of your estate and if it is too large then consider procuring the services of an estate planner to help you with this.

Beneficiaries

Every will has to include an explicit statement of its beneficiaries, and this should be one of the main issues at the top of your checklist. Children, spouses, siblings and other relatives should be given priority unless you have special reasons not to include them. Make sure you also have an idea of the size or portion of your estate that you wish to leave to each beneficiary and mention that in the will.

The executor

Someone, the executor, has to be charged with the responsibility of executing your will after your demise. Ideally, the executor should be the same attorney who drew up the will since he or she has a better understanding of your estate.

Witnesses

Your will may be rendered invalid and nullified if it is not properly witnessed. Many states require the presence of at least two witnesses at the signing of a legally valid will. Make sure that none of your witnesses is mentioned as a beneficiary in the will otherwise; they may forfeit any bequests that you make to them.

Free Consultation —

Discuss Your Case With An Attorney Today

To learn more about your rights and options, contact us at 561-557-4546. We return all phone calls promptly. If you cannot travel to our office, we will come to your home or the hospital. We speak Spanish — Hablamos español.

There are no legal fees if we do not obtain a recovery.