How to make a last will and testament.
Everyone should make a will. It isn't a morbid thing to do, and
in fact is just plain commonsense to do to ensure WHAT you have
goes to WHO you want to have it, in due time of course! Here are
a few simple steps for you take:
Decide what to include in your will. To get started, list your
major items - property, shares etc..
Keep in mind that if you're married, each spouse makes a
separate will. You can leave only your share of assets you own
jointly with your spouse.
Decide who will inherit your property. For most people, it isn't
hard to decide who gets what. (But if you are considering
leaving your spouse or children out of your will, remember that
in many places spouses have a legal right to a proportion of
your estate.) After you make your first choices, don't forget to
choose alternate (contingent) beneficiaries, too, in case your
first choices don't survive you.
Choose an executor to handle your estate. Every will must name
someone to serve as executor, to carry out the terms of the
will. Be sure that the person you have in mind is willing to act
in this capacity.
Choose a guardian for your children. If your children are under
legal adult age, decide who you want to raise them in the very
unlikely event that you and their other parent can't.
Choose someone to manage the children's property. If you leave
property to children or young adults, you should choose an adult
to manage whatever they inherit. To give that person authority
over the child's inheritance most localities have a law that you
can make him or her a property guardian, a property custodian or
a trustee.
Sign your the Last Will
And Testament in front of witnesses. After making your will
you'll need to sign it in the presence of at least two
witnesses. If you're using a document called a "self-proving
affidavit" with your will (to make things simpler when the will
goes through probate court after your death), your signature
must be notarized as well.
Store your will safely. Tell your executor where your will is
and how to get access to it when the time comes.
Remember too that there are other types of will. Living wills,
for example and video wills, but remember that in almost all
cases it is the correctly created written will and testament
that carries the legal weight.
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