Life is full of surprises, but every once in a while, we get to deal with a curveball that makes us wholly unaware. Hence, the wise claim that one should always be ready. Drawing up a will sounds rather drastic. But it is a sensible thing to do.
You see, there are many aspects that one needs to consider when making a will. And, such things ought to be done, with a clear head and some smart moves to ensure that your loved ones don’t have to suffer financial crisis soon after losing a loved one.
So, let’s look at some of the things that you need to remember and the mistakes you should avoid making while preparing your will.
Do’s And Don’t Of Drawing Up A Will
Use The Help Of A Qualified And Licensed Lawyer
There are a lot of websites out there that encourage you to draw up your will. Now, that is a good thing. But, making a will means you need a professional who can tell you about the legal nuances that pertain to you as well as the state laws. Wills Trusts LPA Online can help you out, as they can provide legal help drawing up the will for you or provide legal assistance while you draw up the will yourself.
Identify Your Assets
Even, before you hire a lawyer to help you out in the process of making a will, you need to make an inventory of your assets. Everything from your bank accounts, fixed assets, bonds, heirlooms, antiques, property, vehicles should be part of the list.
Include Your Loved Ones
Even if you don’t want anyone to be meddling into your business while making a will, it’s a good idea to have another family member help you out in the process. The emotional constraints of working on your will can be overwhelming. Thus, moral support often proves helpful.
Joint Property Doesn’t Make It Into Your Will
If you wish to bequeath property to your child but happen to jointly-own the piece of land, then the property will go to your spouse after your death. Therefore, be sure to acquaint yourself with the legal aspect of owning joint-property with your spouse.
Don’t’ Forget About Your Pet
Many times, people drawing up their will tend to overlook the charge of their pets. This can be detrimental for future well-being as well as the comfort of your pet. Hence, always make it a point to mention your pets in the will, especially in regards to their guardianship and future caretaking.
Be Careful About the Guardian of Your Will
Take particular care when it comes to choosing the trustee of your will. The same holds for the witnesses as well. And, many lawyers advise that if there is a child involved, then the trustee and the guardian should never be the same person.
Being prepared is an overrated virtue according to many who love to live life large and care-free. But, anyone with a sensible head on their shoulders will advise you to take care and draw up a will, so that your loved ones can lead safe and secure lives, even after you are no longer with them.