Getting Your Will In Order
It is a good idea to be prepared with a will to ensure that your assets are in order and that your family will be looked after when you move on.
Preparing A Will
It might sound a bit dark but everyone should discuss and think about their will. It is an important document that should have time and thought put into it to ensure that everything is clear and laid out so that there are no parties left out when you move on. After all, you can't take it with you.
Steps To Preparing A Will
There are many steps that you need to take in preparing a will. We also advise that you go to a solicitor to receive professional advice in creating a legally binding document.
1) Decide what property to include in your will - Creating a list of assets that you own will give you a much clearer picture of what you have and how you would like to distribute it.
2) Decide who will inherit your property - This might not be as hard as you would imagine as family will come top but it is important to choose a contingent beneficiary just in case your first choices don't survive you.
3) Choose an executor to handle your estate - This is the person who will ensure that the terms of your will are carried out.
4) Choosing a guardian for your children and someone who will manage their property - In the unlikely case that your partner is unable to look after your children someone must be appointed to care for them if they are under 18. If they are receiving property then you can place someone to look after their interests.
5) Create your will - With all the previous decisions made you are ready to create your will.
6) Sign your will infront of a witness - You need to ensure that there are two witnesses to you signing your will and you will need to get your signature notarized as well. This is to make things simpler in court after your death.
7) Store your will safely - Inform your executor where your will is and how to get access to it when the time comes.
We hope that these steps that we have put together for you will give you some idea of the process that goes into creating a will. We would recommend seeking professional legal advice when creating your will.
The thought and effort put into creating your will ensures that your loved ones will not have to worry about nearly as much when the time comes.