Creating Your Last Will and Testament: A Simple Guide
Create your last will and testament easily with our simple guide. Learn the essential steps to ensure your wishes are honored and your estate is managed smoothly.
By Austin Payne
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Published 8.15.2024
A last will and testament is one of the most important documents you can create. It specifies who inherits your assets after your passing. Without a will, the state you live in will decide how your estate is distributed. Fortunately, making a will doesn’t have to be complex or costly. Here are three easy steps to help you complete your will:
Step 1: Reflect on What and Who Matters to You
Consider who you want to inherit your estate. Would you prefer to divide your estate equally among your children, or allocate specific assets to particular beneficiaries? Create a list of your assets and decide who should receive each one. Also, choose an executor—someone who will manage your estate after your death. If you have minor children, think about who you would want to raise them if you were no longer able to.
Step 2: Create Your Will Now, Even if You’re Unsure (You Can Always Revise It Later)
Whether you work with an attorney or use an online tool, answer all the questions provided to tailor your will to your needs. If you find a question challenging, provide your initial answer and revisit it later if needed. You can always update or create a new will in the future.
Step 3: Make It Official
Sign your will according to your state's legal requirements. This may involve having your signature notarized or witnessed. Store your will in a secure place and inform your executor of its location.
Given life’s uncertainties, it’s crucial to draft your first will as you begin accumulating assets. Since life circumstances can change, review and update your will annually or after significant life events. Proper planning will help your family carry out your wishes smoothly and without unnecessary conflict.