How to Write a Will?

If you want to save on the expenses of a lawyer and desire to know how to write a will, read this article which illustrates on the steps to write your will.
How to Write a Will?
Do you want to your children to fight over the division of your property that you had accumulated for them and to keep them happy? I am sure you would not want to see them discontent and filled with bitterness because of you. So write a proper will and moreover now writing a will is no longer a tedious task for which you need an appointment from your lawyer’s busy schedule. Now you can express your final wishes in pen and paper without consulting your lawyer. Keep it confidential and inexpensive by complying with some of the steps discussed below that would enlighten you on how to write a will.

Steps to write a Will

The primary thing that you need to remember is that you need to "write" a will, yes I mean handwritten or printed or typed, except these any other kind of expression would not be valid. According to the laws "what is not written cannot be enforced" so even of you don’t want to write the will or can’t write it due to the physical disabilities, get a beneficiary who might want to write the will for you though questions might arise regarding that as well so it is always better to write your own will.
  • The first step towards it would be to have a discussion with the estate attorney as to whether you need a living trust or a will.
  • The most important step in making a will is to get an estimate of all your assets, which would also include the calculation of the debts that you have. If you not have any assets and savings and are just surviving form the salary that you receive every month but you do have a family, even then it is imperative to have a will. Children and family are also assets and you have to secure them and consecrate their responsibility to a given person.
  • The next important step is to organize and work through the details of the will. Check the objectives that you need to include in the will and the points on which you need to emphasize upon. As mentioned above name a guardian for your children and also name an executor of state to look after your assets until your children are big enough to take the responsibility.
  • Choose an heir so that there aren’t any doubts as to who should take the property. There should not be any question or confusions.
  • When the wills are made at least two witnesses are required so that they can sign in each other’s presence. The witnesses do not have to be necessarily those people who are part of the will and are in some way going to be affected by it. In most of the cases the witnesses are those people who are going to benefit from the will. All the signatures should be below the text affirming that whatever is written in the text would be executed, if there is any text written below the signatures it is generally not taken into consideration.
  • Store your will in a safe place so that after your death the executor has access to the will and it is always advisable to inform the executor about the place where the will is kept.
To make your will is best option when the situation is without any complication like jointly owned assets and the value of assets is somewhere around two million dollars because you can save money that would have an expense for a lawyer.

By Poushali Ganguly
Published: 1/28/2008
 
Use the feedback form below to submit your comments.
Your Comments:
Your Name:
Use the form below to email this article to your friends.
Recipient Email Address:
 Separate multiple email addresses by ;
Your Name:
Your Email Address: