How to Make a Will
March 29, 2022
Making a will is one of the most important things you can do for your loved ones. If something happens to you, a will ensures that your wishes are carried out and that your family is taken care of.
In this newsletter article, we will discuss the basics of making a will and what to consider when creating one. We'll also provide tips on how to choose an attorney and what to expect during the process.
So if you're thinking about making a will, read on for helpful information!
What Does a Will Do?
When you make a will, you are essentially creating a legal document that outlines your wishes for what should happen to your belongings and your loved ones after you die. In the will, you will need to appoint a person (known as the executor) who will be responsible for carrying out your wishes. You will also need to name beneficiaries - these are the people who will inherit your belongings.
Are Wills Just for the Wealthy?
It's important to note that a will is not just for people with extensive assets. If you have young children, a Will can be used to appoint a guardian for them in the event of your death. A Will can also be used to set up trusts for minor children or disabled adults, so that they will be taken care of financially.
How to Make a Will
Creating a Will is a very personal process, and there is no one-size-fits-all approach. However, there are some basics that everyone should keep in mind when making a Will. First, you need to be at least 18 years old to make a Will. You also need to be of sound mind, which means that you understand what a Will is and the implications of making one.
It's also important to have witnesses when you sign your Will. These are people who can testify that you were of sound mind when you made the Will and that you signed it willingly. In most states, witnesses must be over the age of 18 and cannot be beneficiaries of the Will.
Once you have these basics in mind, you're ready to start thinking about what goes into your Will. This includes deciding who will inherit your assets, appointing a guardian for your children, and choosing an executor. You'll also need to decide how you want your assets to be distributed - for example, you may want to leave specific items to specific people.
How Can an Attorney Help?
The best way to make sure your Will is valid and legally binding is to consult with an attorney. A qualified attorney will be able to advise you on the best way to structure your Will and can answer any questions you have about the process. They can also help you navigate any complex family dynamics that may need to be considered. If you’re interested in making a Will to protect your loved ones, Click here to Schedule a FREE Virtual Estate Planning Session. We’ll get clear on your goals and needs and help you create an estate plan that works for you.
PARENTING TIP:
Benefits of Reading Aloud. Research has shown that reading aloud to children as young as six months old can have a significant impact on their brain development. Reading aloud helps children learn vocabulary, understand grammar, and develop critical thinking skills. It also fosters a love of reading and creates a bond between parent and child.