Have you thought about your last will and testament? It’s not something anyone wants to consider.
But the truth is, thinking about it and learning the process melts the stress and anticipation away. Death is a part of life as much as we don’t like to admit it.
Your last will and testament is an essential legal document that outlines what happens when you die. So don’t be afraid to start looking at what you need to do today.
Whether you start thinking about it or not, the time will still come. So keep reading this guide to find out everything you need to know.
What Is a Last Will and Testament
So what exactly is a last will and testament anyway? This living will is a legal document that will communicate your final wishes. This document serves as an outline of where you want your possessions to go.
Do you want to donate instead of giving it all to family members? Then you must write that in your last will and testament.
The idea is to write this when you’re still alive. Otherwise, if you have dependents, the courts will be the ones to appoint guardians. Nowadays, you can even write wills online with templates and guides.
Estate Planning
Estate planning is no easy task. There is a lot of information to gather, like bank accounts, life insurance policies, retirement plans, and any valuable personal possessions you’re leaving behind.
You then have to look at your debts and how these debts are settled with your estate. You also have to consider your funeral expenses and court costs.
Deciding on your beneficiaries, executor of your estate, and any legal guardians for your children are next on the list.
Hiring an estate lawyer is the way to go, especially if you have many assets and beneficiaries.
Estate Planning Lawyer
An estate planning lawyer is a pro at helping you get your affairs together. Find a fantastic estate planning attorney who knows just what to do. Estate planning is a complex process and is not just as simple as writing something down on a piece of paper.
Estate planning lawyers can also help you with powers of attorney and health care directives. Health care directives are for if you become seriously ill and can’t make healthcare decisions for yourself.
When you’re looking for an estate planning lawyer, check that they:
- Have a legal practice that focuses on estate planning
- They are easy to talk with and share personal details and concerns
- They are knowledgeable of the estate laws in your particular state
Start your research by asking someone you already know, like an accountant or financial planner at your bank.
You can ask your local bar association and see what past clients have to say. It’s always best to start with an initial consultation to make sure they’re the right attorney to help you with your needs.
Last Will and Testament
Once you know more about the last will and testament process, it becomes much less scary all around.
Starting planning your last will and testament today, and rest easier tomorrow.
If you enjoyed this guide, check out our blog to see what else you can learn!
