Wills and trusts are essential elements of estate planning. They give you the power and ability to decide who should receive your valuable belongings after your death. The provisions in your will can also prevent bitter family disputes and ensure your affairs are handled by someone you trust. Below are some of the most important elements your last will and testament should include.

4 Items That Need to Be Inside Your Will 

1. Instructions Regarding Your Assets

The primary purpose of a will or trust is to decide how your assets should be distributed after you’re gone. While you may apportion your estate by percentage, specifically naming family heirlooms, especially valuable investments, or items of sentimental value will help prevent disputes among your loved ones.

2. The Executor of Your Choice

The executor of an estate carries a great deal of responsibility, so choose someone whose commitment and organizational skills you trust. In addition to guiding your estate through probate, this individual will also be charged with settling any remaining debts, resolving inheritance disputes, and distributing belongings to your intended beneficiaries.

3. Guardian Nomination

A will gives parents the opportunity to name a guardian to care for the children if both parents pass away at the same time. Otherwise, the court will likely choose a close blood relation, who may not be the individual you would have trusted with your children.

4. Proper Signatures

Every state has strict requirements that must be met for a will to be considered valid. In California, for example, the will must be signed by the testator, as well as two witnesses who were present at the same time. Failing to meet these standards may leave your will and trust open to legal challenges and may result in your estate plan being discarded entirely.

 

Preparing your estate plan can be an overwhelming project, which is why residents of Long Beach and Los Angeles, CA, rely on My Legal Team, Inc. for customized solutions and effective advice. With easy flat-rate services and over 30 years of combined legal experience, their legal team will help protect the things that matter most to you in life. To learn more about their services regarding wills and trusts or to schedule an appointment, visit their website now or call (562) 479-0900.