Will Fact Sheet

There are many different estate planning documents.  A will is an important estate planning document that can help to properly plan your future.

If you want to learn more about the importance and need for a will, some information is below.  To incorporate a will into your estate planning or if you have any further questions, consult with an experienced estate planning attorney.

• Everyone needs a will!  Everyone over the age of 18 should have a will.
• A will can always be changed as long as you are alive and well.
• Certain life changes may result in the need for an updated will.
• When creating a will, an executor (or someone you trust to manage your estate) must be appointed.
• It is important to choose a responsible and trustworthy executor.
• A will is used as an instructional guide to distribute assets after you die.
• Without a will, your assets may not be distributed as you had planned.
• If a will is not executed properly, it can be challenged.
• A will allows you to select guardians for your children if you pass away while they are still minors.
• Drafting your own will can result in errors!  It is recommended that you consult with a professional when drafting a will.
• It is not recommended to include funeral instructions in a will because generally funeral arrangements will occur before a will is reviewed.
• A will should not list assets that are jointly owned.  These assets will automatically be transferred to the other owner after your death.
• Do not list assets that have a beneficiary designation.  This includes life insurance policies and retirement accounts.

If you have any questions about the need for a will, consult with an experienced estate planning attorney.