Creating a will is one of the most important steps in planning for the future, yet many people are unsure of where to begin. Consulting an experienced attorney can make the process much smoother and ensure your wishes are properly documented. Here are four essential questions to ask your lawyer when making your will.
4 Questions To Ask Your Lawyer When Making Your Will
What assets should I include in my will?
It's important to know which assets should be included in your will and which may already have designated beneficiaries, such as life insurance policies or retirement accounts. Your lawyer will help you identify assets that require specific instructions and guide you on how to address them in your will.
Who should I appoint as my executor?
Choosing the right executor is crucial, as this person will be responsible for managing your estate according to your will. Discuss your options with your attorney, considering factors such as trustworthiness, financial literacy, and the willingness to take on the role.
How do I account for changes in my life?
Life circumstances can change, and so can your wishes. Whether it's a marriage, divorce, or the birth of a child, ask your attorney how to structure your will so it can be updated when necessary without starting from scratch.
What happens if I don’t have a will?
Your lawyer can explain the consequences of not having a will, including how your estate may be divided according to state laws. This can help you understand the importance of proper estate planning.
Making a will is a vital step in ensuring your wishes are respected and your loved ones are taken care of. If you’re ready to start planning or have questions, contact Susan Gwinn today for personalized assistance with your estate planning needs.