Legal wills are legal documents that give detailed information of who receives property, cash, and other types of assets owned by the person writing out the living will. While you can write out and draft will yourself, it’s recommended to have an attorney or legal document assistant who specializes in legal wills, especially if the estate is worth more than $1 billion dollars. An attorney or legal document assistant can also assist you in providing other types of documentation such as a trust or pay on death account to prevent probate issues. They can explain in further detail wills and probate. Yet, whether you choose to have an expert help you or not, there are things to remember when writing your own will.
You must learn what your state requires in order to execute your will upon your passing. For example, you will need a certain amount of witnesses that will be present to witness you signing your will, along with their signatures. Provide the names of people that you want to leave assets to in detail, such as who receives your house and the address of the house you mention. Be sure to spell the names correctly and list all of the addresses of the property you own.
List all of your assets along with whom you are leaving them to. You should include their present addresses and phone numbers for contacting them in the future. Also be sure to write down specifics, including how much money each person will receive.
For minors, place a guardian in charge of them and choose someone to be responsible for making arrangements and handling assets given to minors until they turn 18. Then, name a person that is not mentioned in the will to handle distributing these assets upon your passing. You want to make sure you find someone trustworthy and who knows where the will is placed.