What should you know before writing a will?

On Behalf of | Feb 12, 2019 | Wills And Trusts |

Creating your will is an important step to ensure things go smoothly in the event of your death. Creating a plan ahead of time can help Virginia courts as well because if you do not have a will, everything is left up to the court. It can create a lot of issues for those you leave behind. When creating your will, there are some things you want to think about before you begin.

U.S. News & World Report explains that you need to begin with outlining all your assets. You need to know what you have. It can help to make a list with details including value of each asset. Do not forget to include other important things as well, such as your minor children. You will want to have a good idea of who you want to be their guardian.

You will then need to plan out who gets what when it comes to your assets. You want to be very specific about what assets each heir will receive. It is essential to give exact details to avoid confusion or problems.

You should also choose who will be the executor of your will. This is the person who ensures what you put in your will happens. This person needs to be someone you trust and can rely on. You need to have faith this person will do as you want.

Finally, you need to decide where you will keep your will and make copies if needed. You want to be sure your executor has access to the will after you die and that there will be no issues with it getting lost. This information is for education. It is not legal advice.

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