A will is an important tool that ensures your wishes are abided by when you pass away. The will informs those who need to know what your assets are and who you would like to have them after you pass away. You determine who is responsible.
Your will protects those you love. It helps your loved ones even when you are gone. These are the things you need to do to create a will that works.
Choose an Executor for Your Will
One of the first things you need to do is choose the person who will carry out your wishes. This is the person you trust to carry out your plans and ensure that your wishes are upheld regardless of what they may be. An executor can be an attorney, a family member, or a friend. Appoint this person as part of your estate plan to avoid confusion.
Ensure that Your Children Are Provided a Guardian
Your children, if they are minors or require parental guardians, may need you to appoint a new guardian in your estate plan. This information will help point to somebody to care for the children after you are no longer able to provide care for your children.
Change Your Will With Major Life Events
If you have a major life event, ensure you speak with your estate attorney immediately. This ensures that you take care of everybody you want to take care of. For example, you should change your estate plan when you get married, adopt a child, or have a new baby.
On the other hand, you may find that there are people you want to remove from your estate plan. Make sure you check your plan after a divorce or a falling out with somebody who was once a close friend.
Change Your Will When You Acquire New Assets
Likewise, you should also meet with your estate attorney to discuss any new assets you acquire. This involves new houses, cars, properties, and anything else of value. Some people even like to put things like jewelry and family heirlooms in their estate documents, specifying who gets what.
Speak With an Estate Attorney
An estate attorney who understands estate plans and wills is a great resource for discussing the next steps. Your attorney helps you examine the different options for your future and the future of your loved ones. Make an appointment to consult with an estate planning attorney today to begin your planning journey.