How important is it to Write Your Own Last Will and Testament

Writing your own Last Will and Testament is one of the most important things you should discuss (with your husband, if married) or with someone you trust – perhaps an expert. An estate plan in place like your Last Will and Testament is essential for you and your family. Drafting a Last Will and Testament is important to give your executor instructions on how to deal with your final wishes and distribution of your assets. This allows you to prevent any potential problems regarding the inheritance of your properties and estate.

How Important Is It to Write Your Last Will and Testament?

A Last Will and Testament is important because it drafts and select guardians of any minor children you will be left behind should anything happen to you. The Last Will and Testament will also provide guidelines for survivors to handle any charitable requests you may have after your death. With a Last Will and Testament in place – provided that it has been signed and finalized in a legal manner, your financial, property bequests and any last requests you have will be made according to your wishes.

You should draft the Last Will and Testament in the presence of a legal expert so you should know what should be done and what should not. Considering there are things to figure out especially who will receive what, a legal and expert advice would help you write a legal Last Will and Testament.

Some Things to Consider:

Charitable Bequests: Any project you had like non-profits, churches and schools will receive stocks, property and annuities once you include them in your Last Will and Testament. Such a legacy is worth to consulting an expert with because there may be processes by which the act of giving is easier and more convenient.

Children Custody: Even if this is not a major concern to you, it is still important that you include this in your Last Will and Testament. At least, you have somebody in mind before your death especially when your children have not yet reached the legal age. You may discuss the options with trusted guardians and make sure that they can raise your children the way you wished them to.

Properties: If you have assets and properties – of great value or not, you should include who receives them after your death in your Last Will and Testament. It is also possible to transfer the ownership while you’re alive for convenience both to you and the beneficiary considering the taxes involved.

Need Help?

If you are not sure as to what legal document you currently have contact one of our professionals to help you with your estate planning. They will make sure you have all of your grounds covered and have the right legal documents that best suite your wants and needs.