While death may not be a subject many people are comfortable considering, preparing a will is an essential step in ensuring that your assets are distributed as you wish. And while the prospect of preparing a will may seem daunting, there are a few steps you can take to make the process a bit easier.
- Make a plan. If you do not have a will, then state law will determine where your assets go. Take the time to think about the ways in which you would like to allocate your assets.
- Write a list. A good place to begin is by writing up a simple list of what you own. Do not forget to include life insurance policies and retirement accounts. In addition, you should keep a list of the phone numbers and addresses of the people you would like to receive each asset.
- Name an executor. The executor of your estate will be the person who makes sure that your wishes are carried out. Think about who you would like your executor to be and take the time to discuss your wishes with that person.
- Contact a professional. An experienced estate planning attorney can help you through the process and can make sure that you are not leaving things to chance. Estate planning is a complex area of the law and there is no substitute for experience.
An estate planning attorney can help
It is never too early to prepare for the future. If you or someone you love is considering preparing a will, contact an experienced estate planning attorney. A knowledgeable estate planning lawyer can assess your case and help see to it that your assets are distributed as you wish. For more information about what an estate planning attorney can do for you, contact us today.
Source: Fox News, "Five Tips for Preparing a Will," July 13, 2012