No matter how old you are, it’s not too early to start thinking about writing your will. This doesn’t have to be a complicated process, but it can be time-consuming, and you should put a great deal of thought into it. Read on for some ideas to get you started.
First, do some research. The legality and expected forms of wills vary from state to state, so know for sure what is valid in your state before you start. If you are hesitant to proceed on your own, consult a law firm Maryland for advice.
Get a Template
You can use a template that will help you get all the information in place and in the right order. Download one that is specific to your state, and follow the instructions carefully.
Now you’re faced with the hardest part of making a will. You have to decide who will get what. Start by making a list of all your assets and the property you want to bequeath. Then make a list of all the people you want to name as your beneficiaries. You can also consider charitable donations at this point. Determine what and how much you want to give to each beneficiary, and write this into your will according to the template’s instructions. Be specific so that there are no squabbles later. You must also choose an executor who is tasked with carrying out your wishes.
Add a Letter
You may also choose to add a letter of explanation to your will, telling your beneficiaries the reasons behind your choices. This is optional, but it can help smooth ruffled feathers.
Finally, make sure you sign your will properly. You will need witnesses and perhaps even notarization. Be especially careful about this step so that your will is valid.
Making a will might seem like a gloomy prospect, but it can actually be a fulfilling experience. Just be sure to do it correctly.