What's in a WILL?
A will can be as simple or as complex as you need it to be. Here are some things to consider:
- Name an executor to your will – a person you can trust to distribute your assets as directed in your will.
- If you have children, choose a guardian to care for them, as well as a second-choice in case your first choice is no longer able to care for them.
- List beneficiaries for any property or assets you may have. Your will does not override the beneficiaries you have designated on insurance polices, retirement accounts, investments, etc., so be sure your beneficiary information is updated on these accounts. Beneficiaries for property and possessions like family heirlooms, jewelry, furniture, etc. are covered by your will.
- If you have specific property or assets earmarked for charity or things like funeral arrangements, that information should be included in your will.