Nobody likes to think about the day they die, that day when we can no longer be there to protect and care for our loved ones. But it is precisely for this reason that we must do it, and plan how we want our assets to be managed when we are gone.
Writing a will will keep our loved ones out of trouble, and having this document prepared will help us make sure things are carried out according to our wishes. It will give us great tranquility and peace of mind.
What is a will?
A will is a legal document that establishes a person’s voluntary declaration through which he details what he wishes to be done with his estate after his death.
Even if you don’t think you have a lot of assets, not having a will at the time of your death can cause your estate to go directly to the probate court to decide who gets it. This can cause delays, legal expenses, and even more stress for your family and loved ones.
Contrary to what many people may think, writing a will is not a difficult task. Next, we will mention some of the steps that you must follow and things that you must consider when writing yours.
How to write a will
Although you can write a will on your own, it is advisable to consult with an estate planning attorney who can advise you regarding your specific situation and needs.
1. Review all your information. In this part you must consider all your assets, taxes, debts, and bank accounts, among others, in order to have a complete picture of your situation, and of the possible things that you must resolve and include in your will.
2. Choose an executor. The executor is the person who will carry out the wishes and instructions of your will. This can be a relative, a friend, or a lawyer.
3. Choose your beneficiaries. Beneficiaries are the people you want to receive your estate. You will need to specify their names, ages, personal information, and the percentage of your estate or specific assets that you want them to receive.
At the Faloni law firm, we can advise you in the area of estate planning. Contact us for a consultancy where we can review your situation and resolve your doubts. Call us today!