Don’t leave your family in uncertainty when you are gone. Create an elaborate will and let them live in harmony. However, it’s important to create your will correctly. From defining the financial aspect of the will to allocating assets, it’s important to be clear and concise in your will. Plus, if you don’t have some financial background, creating a will on your own can be challenging. Luckily, this guide contains the tips and tricks you need to create a will without an attorney.
Choose A Template
Of course, the US recognizes handwritten and holographic wills as valid. However, it’s important to type your will on a laptop or computer. You can also look for templates online. There are several websites dedicated to the offering will creating templates online. These templates will guide you when creating your will online. Your will and that of your spouse may be identical. However, experts advise you to create separate wills. It will minimize conflicts within the family when either of you is gone.
List Your Assets
Assets are important components of any will. Consolidating your assets is key. So, take an inventory of all your assets—including estates, bank accounts, etc. Things like pieces of jewelry and artwork are part of assets. So, include them in the asset section. Be sure to read the rules and regulations governing wills in your state.
Clarity Is Key
Outline the beneficiaries. Who do you want to receive your assets when you are gone? Be explicit when it comes to beneficiaries. Write down their full names. Don’t forget to outline secondary beneficiaries.
Select A Guardian for Your Kids
Under-age children cannot receive your assets. However, you can assign a guardian. The guardian will hand over the assets once they attain the legal age. Also, consider choosing a secondary guardian. The primary guardian may die. So, having a secondary guardian is important.
Consider Your Pet
Leave your pets in the right hands. A pet is like an asset. So, consider including the pet in your will. Assign it to the person you trust. Your pets need proper care when you are gone.
Select an Executor
Name an executor. He/she will be responsible for the distribution of the property. The executor will ensure that the will is implemented to the latter. He/she will take care of all bills—including taxes, debts, and probate.
Outline Your Funeral Plans
Funeral planning is another important aspect of your will. So, you should draw a plan that outlines your funeral preferences. Here, list your last wishes. Include details regarding where you plan to be buried.
Print and Store It Safely
The next step involves printing the will and storing it in a safe place.
Can you make a will online? How can you cut costs when creating a will? You don’t want to pay those excessive legal fees, right? Well, you aren’t alone. Plus, you can create a will without a lawyer. Use the above tips and tricks and create that perfect will without involving the services of a lawyer.
More on this topic: Are Estates and Wills the Same?