How do you write a Will?
Want to know how to write your own Will? It’s actually more straight-forward than you think. The following items should be included when you write a Will:
- Your Name
- Your Location
- Listing who your Executors Will be
- Specifying how you want to divide up your Estate
- Listing your Beneficiaries
- Appointing Guardians if you have minor children
- Your Signature and Date
- The Signatures of your Witnesses
The reality is that you know you need to have one, but for various reasons, you keep putting it off. This is usually due to the following: a) a lack of money to see a lawyer b) a lack of time to see a lawyer c) it’s an uncomfortable process to think about. The last reason involves going over some hard but necessary questions to think about. While you mull over the hard questions to think about, you may also want to consider the alternatives in having a lawyer write your Will out for you. There are a few different options for writing a Will. One of these is a holographic Will which is a handwritten document created by you outlining where you want your assets and items to go after you have passed on. A handwritten holographic Will can be problematic for several reasons: you may not have included all of the proper items that are needed to write a Will; you may not know the basics on how to validate your Will; you may not understand the legal terminology that goes into writing a Will; and a handwritten Will can lead to disputes surrounding the authentication of your writing.
Other alternatives to write a Will can include a Will kit or online Will software. Using a Will kit, as opposed to Will software, typically involves a blank fill-in-the page Will book. It may be a generic type of one size fits all type of kit which does not address the various situations you may find yourself requiring a Last Will and Testament for. In addition, a Will kit may not be updated with laws and regulations the way online Will software can. In the event of changes to laws, you may find that you have to purchase an updated Will kit to ensure that the Will you create is properly updated. In contrast, online Will software can be continuously updated using advanced technology.
Using online Will software or an online Will form would provide a better alternative to a generic Will kit. Will software programs can also better guide you through the process of how to make a Will by going through each online page in a clear and readable format. Basic answers to legal terminology is usually available at the click of a button. Will software can help you to write your Will by guiding you through the difficult questions about what would happen if you pass on. For instance, who would inherit your assets? Who would be your beneficiaries? Do you want to leave any specific gifts to particular individuals? Do you want to leave charitable donations? Do you have a guardian in mind for your minor children? Speaking of which, what about leaving assets in Trust? There are many questions to ponder when it comes to creating a Last Will and Testament. Will software or online Will forms may be the best choice to go with as an alternative to a lawyer.