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Creating a will is an emotional task. Acknowledging our own mortality can be a struggle, and putting it down on paper may be even harder. This is perhaps why 51 percent of Americans between 55 and 64 are without a will. You’re not alone.
However, this part of end-of-life planning is an important step in making your loved ones’ lives easier when you pass, and we’re here to make it easier for you.
Whether you’re a new parent wanting to protect your child, you’re hoping to minimize your current estate taxes or you’re making sure your assets go to the right place, our guide below will help you get started.
We’ll offer tips on where to start, what to include in a simple will, which is the common choice for those with uncomplicated assets, how to make your will legally binding and where to store the document.
Planning your will can be more emotionally difficult that actually writing it out, but these considerations are also the most important part of the process. Below are resources we’ve compiled to help you get started.
Continue reading for more basic information on how to create and legally bind a simple will.
No matter your reason for creating a will, there is some basic information that should be included to protect your family from legal disputes.
Legally binding your will isn’t as complicated as you may expect. In fact, you can work through the entire process of creating and legally binding a simple will without a lawyer.
After you have prepared your will, you simply need two witnesses to sign it. However, there are a few considerations worth noting:
You now have a legally binding will and the last step is simply to store it properly.
There are a few simple storage options for a will, but some may be better for your situation than others. However, in each case, you should be sure your beneficiaries and executor know where to locate it. Here are some suggestions:
Hopefully, our simple guide to creating your own will has put your mind at ease and simplified a difficult process. While creating a will can be emotionally strenuous, it’s an important step in protecting your loved ones when you pass.
Other common end-of-life considerations could include retirement and life insurance, but you should also consider preplanning your funeral.
Download our free Seniors Guide to Funeral Arrangements: How Preplanning Can Save Time, Money and Worry or arrange services with on of our preplanning advisors. An appointment is no-obligation to purchase.
Disclaimer: Busch does not serve as a lawyer and this blog post should not be viewed as legal advice.
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