For most people, wills are written only by those who are about to die, like older individuals. But the truth of the matter is that none of us knows exactly when we will die, save probably those who willingly take their lives. But other than that, people should be prepared for such an inevitable event.If for example you have assets or debts or children who are not yet of legal age, you must write in your will what happens to them after you pass.
Don’t know where to start? Let the list below be your starting guide to writing a will.
- Before you write your will, you should first be aware of your assets. Knowing it will help in clearly defining how much goes to whom.
- Also keep in mind if you have underage children and choose people who will act as their legal guardians if you pass before they come of age.
- One tricky part of writing a will is in choosing the heirs. How much do you plan to give to a person? It can be a tough decision to make that will have an impact after you die. You should also pick alternatives if a person you chose as an heir passes before you.
- When writing your will, you should choose two people to act as your witnesses. These individuals should not be people who will inherit something from you.
- Aside from witnesses, you should also get an executor who will enforce what is written in your will after you die.
- Wills aren’t written on stone so you can change yours from time to time and whenever you find the need to do so. If you write a new one, the previous one will automatically be made null.
- Finally, keep your will where your executor can access it. So putting it in a vault is not an option.
How to Write a Will