Writing a will is one of the most crucial components of estate planning, allowing you to determine what will happen to your belongings after you’re gone. When done properly, a will can mitigate legal challenges, family feuds, and complicated processes. For the best results, include the following elements in your will.

Items to Include in Your Will

1. Fiduciaries

Your will should provide instructions on how to distribute your assets to surviving loved ones. Fiduciaries are the people who will carry out these requests. There are three types of fiduciary roles in estate planning: an executor, who is responsible for overseeing the will proceedings; trustee, who serves as the legal owner of trust assets; and a guardian for any minor children.

2. Asset Distribution

Your will should also include a detailed list that outlines who should receive the different portions of your belongings. This section should include all your assets, including real estate, artwork, money, jewelry, vehicles, and personal belongings.

3. Power of Attorney

This critical document allows a person of your choosing to oversee your personal and financial matters in the event you become incapacitated. Whether it's paying bills, filing income tax returns, or handling your business, they'll ensure your operations run smoothly. A power of attorney is typically implemented when you become mentally or physically unfit for making your own choices.

4. Advance Directive

Finally, your will should provide clear instructions on how you want medical decisions to be made if you are unable to communicate your preferences. An advance directive will allow family members and doctors to follow exact instructions regarding matters such as organ donation and resuscitation.

If you need help with the estate planning process, turn to Luke A. Weiland, Attorney at Law, in Wisconsin Rapids, WI. This reputable lawyer handles a broad range of cases, and he will develop a personalized strategy to ensure your assets and loved ones are protected. To learn more about what he does, visit the website, and call (715) 422-6808 to schedule an initial consultation.