Planning a Will is a very important task. Here are some pointers to help you out.
- Decide if you want to try to do it yourself or hire an attorney to help. This is probably the only time you’ve written a Will and mistakes won’t show up until after it is too late to change the Will. A professional has written many Wills and knows what makes a good Will and when you should step up to a Trust. If you aren’t careful, you can make a mistake that invalidates everything. For example, in many states you must mention that you are disinheriting a child. That’s just one small thing that can often cause problems.
- Take an inventory of what you have and how much you owe.
- Decide who gets what and how much. When is going to be controlled by Probate.
- Pick the person or people that will be in charge of making sure the Will is Probated properly and its instructions followed.
- Write your Will. Sign your Will…properly.
- Store you Will in a safe place.
- Make sure your family knows where your Will is.
- Every few years take it out and check it over.
I hope this helps you in planning a Will.
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