Creating a Last Will and Testament is one of the most important things you can do to protect your family, your assets, and your legacy. Whether you own a home, personal belongings, or have young children, your will ensures that your wishes are honored and that the people and things you care about are properly cared for.
Here’s how to create a will that clearly addresses both your property and the future of your children.
1. Start by Listing Your Assets
Make a comprehensive list of what you own. This should include:
- Real estate (your home or other properties)
- Vehicles, bank accounts, retirement funds
- Personal belongings of value (jewelry, heirlooms, collectibles)
- Investments or business interests
Clearly identifying your assets helps ensure that nothing is accidentally left out or disputed.
2. Decide Who Will Inherit Your Property
Once you’ve listed your assets, decide who will receive them. These individuals are known as your beneficiaries. You can:
- Leave specific items to specific people
- Divide your estate in percentages
- Include alternate beneficiaries in case someone predeceases you
Be as detailed as possible to avoid confusion or conflict.
3. Name a Guardian for Your Minor Children
If you have children under the age of 18, your will is the place to name a legal guardian—someone who will care for them if you’re no longer able to. Choose someone you trust to provide a stable, loving environment and consider naming an alternate guardian as a backup.
This is one of the most meaningful gifts you can give your children: clarity about their future and a caregiver you’ve chosen personally.
4. Appoint an Executor
Your executor is the person responsible for carrying out your wishes. This includes:
- Managing your estate through probate
- Paying any debts or taxes
- Distributing property to beneficiaries
Choose someone responsible, organized, and trustworthy.
5. Make It Official
To finalize your will:
- Use a state-specific form: MyKeyDocs has this covered, providing each state’s will and its legal requirements!
- Sign in front of witnesses: Most states require two adults who are not beneficiaries.
- Consider notarizing: Some states allow or require notarization to simplify the probate process.
- Store your will safely: Keep it in a fireproof box, and let your executor and family know where to find it.
Final Thoughts
Making a will that covers both property and children is an act of care and responsibility. It ensures your assets go where you intend and that your children are raised by someone you trust. Taking the time to prepare this important document can bring peace of mind—today and for years to come.
