What Are Some Uncommon, But Very Useful, Tips To Remember When Preparing A Will?
Every will must be prepared in the proper manner. A will that is prepared in an improper manner can lead to legal complications down the road.
Outside of the tips outlined below, one of the best ways for you to prepare your will is to work with a Villages estate planning attorney. By doing so, you can ensure that your will is as secure, and effective, as it can be.
What Is The Purpose Of A Will?
The purpose of a will is as follows: to ensure that a deceased individual’s assets are divided and distributed according to their wishes.
Outside of that definition, a will serves several other notable purposes:
- Preventing confusion, anger, and any potential legal battles that can arise when there is no will.
- Clarifies the exact manner in which specific financial assets are distributed.
- Guaranteeing that your children will be cared for by the appropriate gardens.
Each one of these purposes is integral to the long-term security and support that your heirs will enjoy.
What Are Some Uncommon, But Very Useful, Tips To Remember When Preparing A Will?
To ensure that your will is prepared in the proper manner, it is essential that you work with a lawyer. By doing so, you can prevent a variety of unforeseen problems from arising.
Even though you are working with a lawyer, it helps to remember, and act upon, the tips below. Each one of these tips will ensure that your will is valid and effective.
Keep Your Will Safe & Secure
Every will must be kept in a location that is both safe and secure. A failure to place your will in a safe and secure location can lead to its contents being damaged and, therefore, becoming invalid.
Some of the places you can, and should, place your will are as follows:
- A safety deposit box.
- A locking file cabinet.
- A fireproof safe.
Each one of these places is safe and secure, ensuring that your will, and the contents of your will, are as safe as they can possibly be.
Remember To Update Your Will
Remember to update your will on a regular basis. By doing so, you can ensure that those who you would like to give assets are able to receive those assets.
A failure to update your will on a regular basis can lead to an intended beneficiary – a new grandchild, for example – failing to receive what you intended to give them, due to not being named in the will.
Designate Your Digital Assets To A Trusted Individual
A will is, technically, a public document. For this reason, it is unwise to outline your usernames and passwords within a will, as anyone may have access to the assets within those accounts.
Rather than outlining your usernames and passwords within your will, you can designate your digital assets to a trusted individual. By giving them your usernames and passwords, they will be the only ones to have access to those accounts.
Speak With A Florida Estate Planning Attorney
No matter the contents of your will, you can, and should, work with a Florida estate planning attorney to develop this will. By doing so, you will have a valid, and effective, will that aligns with your wishes. Speak with a Villages Estate Planning attorney today. We will assist you in going through the process and achieving the best possible legal outcome.
Sources:
law.cornell.edu/wex/will
law.cornell.edu/wex/beneficiary
