Drawing up your will at some point in your life is very important in order to maintain peace of mind for you and your family. A will is a document that includes all of your last wishes and is a way to ensure that appropriate people receive your estate and handle your affairs.
If you fail to draw up a will and you pass away unexpectedly, state then gains control of your estate, and may divide your assets in a way that does not honor your wishes. This is particularly problematic in terms of costs and where are children involved. Dying intestate drains your estate of funds for attorney’s fees and court costs. It also subjects your minor children, if you have them, to placement with relatives that you may not have chosen.
In order to sidestep this problem, and burden it will place on your loved ones, it is necessary for you to make a will. Below, you’ll find some of essential tips for writing your own will and doing it right first time.
One of essential tips for writing your own will involves formatting of document. You will want to include several paragraphs in your will, each of which will cover different aspects of your final wishes. A title is also necessary and should read, “The Last Will and Testament of,” and then you should include your full name.
Another important essential tip for writing your own will is to include a statement that you are of sound mind while writing will. This is just a way to legally show that you are not under any undue pressure from any outside party and that your will is written in your words.
If you have a spouse, include a paragraph describing this person. If you have children, also mention them by name and assign a legal guardian to care for them in event of your death. This will ensure that your children are raised by people you trust to love and care for them rather than state appointed individuals.