When it comes to estate planning, everyone has different needs. After all, no two families are the same. Regardless of the particular arrangements you want to make for how your assets will be distributed after your death, you’ll need to draft a last will. If you’re creating yours, here are a few tips to help ensure the document tackles the topics it should.

How to Draft a Comprehensive Will
1. Take Inventory of Your Assets
A will doesn’t cover all types of assets. Make a list of the assets that you own, what their value is, and exactly how they are titled and whether or not there is a beneficiary designation. These steps are very important to assure they are being distributed as you intend. 
Include all real estate, vehicles, investment accounts, and family heirlooms. To help you do this, you can review your most recent tax returns, credit reports, insurance policies, and financial statements. If you have a safety deposit box or storage unit, make note of any valuable items like furniture and functional electronics. Bring documents showing how things are titled when you meet with your attorney.

2. Determine a Personal Representative 
The  Personal Representative will serve as the “manager” of your estate. In other words, they’ll be responsible for ensuring your final wishes are carried out.

It’s common for spouses or adult children to take on this role, but you can choose virtually anyone you trust. It’s wise to name a backup  as well, who will act in case the primary representative is unwilling or unable to perform the required duties. 

3. Consult a Professional 
Because a will is inherently personal, you may want to draft it yourself. However, even if you use a seemingly thorough template, it’s still wise to have an estate planning attorney review it.

In addition to ensuring all the terms you’ve included are legally binding and will hold up in probate court, a lawyer will check that you’ve addressed all topics pertaining to your individual situation. An attorney can also help you create arrangements to supplement the will, including trusts or beneficiary designations to avoid probate. Your attorney can also discuss whether or not avoiding probate is really in your best interests - often times it is the best method to distribute your estate.

When you’re ready to go over your will with a knowledgeable lawyer, turn to Alan A. Panek Law Office, S.C. in Wisconsin Rapids, WI. A general practice firm, they're equipped to provide a broad range of legal services, including everything from estate planning to business formation. They've been providing comprehensive and personalized counsel for people throughout Wisconsin since 2002. Visit their website to explore all the services they provide or call (715) 421-4900 to schedule your first meeting.