Create a Will

Important Steps When Creating a Will

Each person’s situation is different, but there are a few general aspects of will creation that you must follow to ensure success:

• Write down a list of all your assets, including homes, vehicles, financial accounts, life insurance policies, retirement accounts, cryptocurrency, and other items. After creating the list, review it thoroughly to ensure all assets are included.
• Consider who you wish to serve as the executor. This person will have numerous crucial responsibilities, so it’s important to make your selection carefully.
• Name your heirs and beneficiaries, including family members, friends, co-workers, and other parties. You can also specify charities as beneficiaries if there’s a cause you feel strongly about.
• Decide how much of each asset your heirs and beneficiaries receive. This information is important, as without it the court may be forced to make a decision on your behalf.

It’s always best to receive professional legal assistance when creating a will. That way, you can rest assured that the document is valid in the eyes of the law.

Why Reviewing Your Will Is Equally Important

Wills are ever-evolving documents. That means you must make updates to your will to ensure that it continues to meet your wishes. Major life events should trigger a will, including marriage, divorce, the birth or adoption of a new child, a change in financial status, or the act of opening a business. You should also perform a general review every three to five years, regardless of life changes.