Tuesday, February 10, 2009

Basic of Writing a Will


I thought it would be a good idea to put something about how to write a will on the estate planning blog, considering I don’t really know how it’s done.

The first important aspect of a good will is to realize what you have. That means that the first step is to take inventory of all the important things you have and would like to leave to your friends and family. Then, you actually have to decide who to leave it to. This is probably the hardest part, as you are forced to make decisions between loved ones that could cause some problems. It is imperative not to limit your will to objects. Parents with young children need to specify who will care for their children, and the same is true for pets. The most important part is getting a couple of witnesses and having them sign the will, which will make it valid. It is a good idea to review your will about every five years. This way, you will be able to make changes if you have moved, had more children, or adjust for any life changing events that may have occurred. Obviously, this is a very brief overview and in no way is complete. The best way to write a will is to sit down with an attorney and have he/she walk you through the steps. Other more affordable options include using online templates or will-writing software.

The following sites offer good overviews on will writing

Link 1 click here

Link 2 click here

Link 3 click here

by Rob Wildhack

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