How To Write Your Will
How To Write Your Will:
Writing a will is a big deal. When we reach our 20’s and start building an adult life for ourselves the last thing we want to think about is the end of life.
A will is a document you write with a lawyer such as Worrall Moss Martin Lawyers which will outline what you want to do with all of your assets when you die. This means that you can decide where your money, house, belongings and other things go after you have moved on.
Writing a will is a task which you may be putting off, but it is one which you should consider doing as soon as you can in case the worst ever does happen. Today we will take a look at some of the steps you need to take to write your will this year.
When writing a will, it is important for you to introduce the document as your last will and testament straight away. The structure of a will can be varying depending on who writes it so you can either write your own introduction or instead you can use a ready-made template which will make things easier for you.
2. Select An Executor
When writing a will and choosing who will benefit from your belongings, it is also important to choose someone you trust to execute the will for you when you die. This means that upon the event of your death, this person will be the one who is in charge of ensuring that the will is adhered to in every minor detail. This is super important and it is crucial that you choose someone who you truly trust to carry out your wishes as you have written them in these pages.
3. Identify Your Heirs
Now is the part of the will which can either delight or worry people depending on the relationship they have with their family. In this part of the will you need to outline the people who will benefit from the next pages. This means you will choose your heirs based on who you want to benefit from your will. An heir is anyone who you choose, and they don’t have to be related to you. If you want to donate everything to a friend or a charity this is perfectly acceptable. Choose the people wisely and make sure you don’t miss anyone out of the list.
4. Name A Guardian For Dependents
This is the most difficult part of writing a will and it can be incredibly complex. If you have any children or pets which will be left without a guardian when you pass away, it is important for you to take the time to choose a guardian or guardians for your child. This means that when you die, your dependant will be taken to live under the care of the person or people you have chosen. Choosing a trustworthy guardian is, of course, the most important thing for you to do and you need to make sure that you know they will be able to take care of your child or pet in your stead.
5. Assess And Divide Your Property
When you die the biggest asset you will likely have at your disposal is your property. Your home will be a large part of the will and it is super important for you to take into account how it will be affected by your passing. If you have more than one heir to your estate you will need to divide the estate up and make sure that everyone gets a share, and this can be difficult to do. Make sure that you make your decision carefully and ensure that you divide it in a way which makes you happy.
6. Sign The Will
If you know you’re going to be working with several clients and you’ve already got them lined up, you may want to consider asking them for an advance. Whether it’s charging them for three months up front or charging them for the whole year in advance, you need to find what works best for you.
[a contributed post]