What To Include in Your Will
Wrongful Death Lawyer
A last will and testament is the foundation of your estate plan. It allows you to explain what you want to happen after you pass. As our own wrongful death lawyer knows, having an estate plan is essential to protect your family after your death in case of an unforeseen accident. This can be an overwhelming process for many, and often it turns into either avoidance or adding things you shouldn’t. In general, your will is an easy and straightforward process to ensure your last wishes are met.
With so much information, how do you know what should go in a will and what shouldn’t? In general, a lawyer will know but to get a head start to take a look at our list below to see more.
- Personal Information
This seems like it should be obvious. You should include all your basic personal information about yourself in your will. This should be your full name, birthdate, and address. You should also consider listing any other names you go by, like family nicknames. It is also important that you list your family member’s names and their relationship to you.
- Testamentary Intent
Your will has to have the proper legal language that declares that the document is a will and not something else. Yes, this is often the boring part of a will. The most common way to ensure that your will is legal is by adding the line “This is my last will and testament.” It cannot be anything but that when it is used after you pass.
- Assets and Beneficiaries
The main thing you want to have in your will is what assets you want to be given to who. You can give away things like money, personal belongings, high-value assets, and even real estate. The beneficiary of a will can be a family member, friend, charity, business, or even a trust, it just depends on what you want. It is also a good idea to add a contingent beneficiary in case something were to happen to the first one. These are the people that are going to get your assets after you pass.
- Appointment of Executor
This person is going to carry out the terms of your will. They will deal with not only distributing your assets to your beneficiaries but also managing all of your affairs once you’ve died. They are the ones that handle things like settling unpaid debts and filing your final tax return. You can appoint a family member to be this person but it is often in your best interest to appoint a will lawyer. A lawyer will have the knowledge and understanding of how to settle everything. If you do not appoint one, someone will have to apply with the probate court to act as your personal representative.
Writing a will can be a daunting process. You have to figure out who you want your assets to go to and ensure it is all done legally. This is why our friends at W. B. Moore Law encourages you to research lawyers in your area and find one that has the latest knowledge on what needs to be in a will and can help you write one.