If you are planning to put together your first will, you probably have a lot of questions. You may wonder what kind of information you need to put into it and if it’s worth working with an attorney when you don’t have much to leave behind.
For most people, working with an attorney is a smart way to help them get started on a will and estate plan. Doing so helps make sure that the will is legally binding and meets the individual’s needs.
Getting started with a will
Getting started with your first will begins with setting up your beneficiaries and selecting the executor of the will. Your attorney will talk to you about the specific people you’d like to leave your assets to as well as who you’d like to have take care of your estate following your death.
If you have children, your attorney will also take time to help you with selecting a guardian, so that they have protection into the case that you pass away or cannot take care of them for any reason.
Your will is a reflection of you, so make sure you let your personality shine through
There benefit of your will is that you have the space to leave behind letters of intent or information for those who survive you. In your will, you will need to be specific about who inherits what. If you want to include a letter or video to your children or beneficiaries, you can.
Your attorney will also help you with having enough people sign the will to make it legally binding. Usually, you and your attorney will sign, but others may as well to make sure you were not under duress and that you had legal capacity at the time of signing the document.
A will is the most basic part of your estate plan, and it’s one to get started on as soon as possible. Your attorney can go over a basic will with you first before discussing other estate planning options such as putting together trusts or working on your health care proxy. This is a great first step and good place to start.