The Step by Step in Making a Will
Making a will is something that many people overlook, often until it is too late. However, this is something that is very important for those who have assets and belongings that will be left behind when they die, as well as for those who have specific matters that they want to ensure are dealt with properly after they die. Of course, once you pass away you will have no say over what happens to your worldly goods and no way of expressing your wishes to those left behind. Your will is the vessel that will enable you to express your wishes with regards to your estate and other matters, even though you are no longer around to do it personally.
Making a will is far less complicated than many people imagine. There are certain things that must be done in order to comply with legal requirements but by and large the process is a relatively simple one. Many people believe that in order to make a will you need to have a lawyer get involved or you have to use special paper and stationery. However, this is not the case – there are a few simple steps to follow to ensure that you are complying with legal requirements but other than that the process of making a will is not as complicated as you might think.
When it comes to making a will, remember that you do not need to wait until you are old in order to do this. You never know what fate has in store for you and although we all hope that we will be at a ripe old age before we die, accidents or illness can lead to a premature death well before our time. With this in mind, it is important to make your will sooner rather than later, especially if you have assets and wealth that will need to be distributed after your death.
Steps To Take When Making Your Will
There are a number of steps that you should take in order to make your will. Following set steps can help to keep the whole process more structure, which in turn can make it easier for you to get your will sorted out with minimal hassle. Some of the steps to follow when you are making a will include:
- Create a checklist: When you are thinking about writing a will, there will be many things that you have to take into consideration. Writing a will can be a daunting process simply because of its nature and therefore if you do not put careful thought into it, you could end up missing things out or making mistakes. Creating a checklist with regards to what you want to put into your will can prove really helpful, as it means you will be organised and will reduce the risk of making mistakes or missing things out. Your checklist should include not only matter relating to your assets and who should get what, but also about your wishes in other areas such as your funeral or your children.
- List your assets: It is easy to lose track of your assets and what you will be leaving behind, even if they are just items of sentimental value rather than monetary value. Make a list of your important assets that you will want to include in your will so that you don't miss anything off.
- Decide on your beneficiaries: You also need to think carefully about who your beneficiaries will be, so that you avoid missing anyone off when you start to write the will.
- Decide how you want to make your will: There are a number of options available to you when it comes to making your will. Some people decide to use a will writing service in order to get the job done; some decide to use their family lawyer to help them to write a will; and some simply decide to sort out the will themselves. You need to bear in mind that it is not a necessity to have a lawyer on hand to write a will, although some people prefer to have one for peace of mind. If you do decide to use a specialist service or lawyer, do some research to find ones that are going to be suitable and affordable.
- Familiarise yourself with legal requirements: If you are getting your lawyer or a specialist firm involved, they will already know the requirements when it comes to writing a will. However, if you are dealing with the process yourself you should familiarise yourself with the legal requirements with regards to signing the will, the writing of the will, witnesses, etc.
- Choose your witnesses: You will need to have two witnesses present to see you sign the will and to sign as your witnesses, neither of whom can be beneficiaries. You should choose them in advance to save time later on in the process.