Drafting a will takes time and careful attention to detail, as many important elements need to be addressed. For example, if you have minor children, the document should specify who is to take care of them. There are many important details, such as this, that are best not to leave to chance. To help you in the endeavor, below is a quick guide to drafting the papers.
How to Write a Will
1. Take Inventory
Make a list of assets you own that can be passed on. This could include everything from real estate and cars to savings accounts and personal possessions, like artworks. Include an assessment of how much each item is worth.
2. Choose Beneficiaries
Who is going to receive your property when you pass on? Many people select close family, like a spouse or children, as beneficiaries. If you don’t have younger relatives, you may want to donate to charitable causes. Be specific about which individuals or institutions receive what items to prevent disputes.
3. Select an Executor
The executor is responsible for ensuring the wishes of your will are carried out once you pass on. Again, this is often a close relative. If you don’t have a reliable family member you trust, you can pay a fee to have a neutral third party, like a bank, do the job.
4. Include Funeral Details
The document is also an opportunity to specify what funeral or memorial arrangements you want. Doing so offers peace of mind in knowing your wishes will be carried out. Moreover, it spares your family the stress of trying to guess what you would have liked.
5. Ensure the Will Is Legally Valid
For the document to be valid, certain details need to be included such as a formal statement that you are in sound mental condition while signing it. Further, witnesses must sign the document with a notary present.
Want to ensure your will is drafted correctly? Put your trust in We The People of NY. Located in Manhattan, they have over 25 years of experience in legal document preparation. A seasoned member of their team will provide you with their Simple Will Questionnaire to fill out. Prom your information, they prepare the formal Will and arrange a convenient time for the signing. We The People even provides the Notary for free. Find out more about their business and personal services online. To schedule an appointment, call (212) 633-2200 today.