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While it’s an easy task to put off, creating a will is a key part of estate planning. When you establish a will, you’re determining how your assets will be distributed in the event of your death. In a way, when you write a will you’re ensuring that the people that you care about are being properly looked after.
That said, here are the steps necessary to properly create a will:
One of the most important parts of creating a will is choosing an executor. The executor is the person responsible for administering your estate. That said, it’s important to choose your executor carefully, making sure that they’re someone you trust.
Selecting beneficiaries is key in determining how your estate will be distributed. You can choose anyone as a beneficiary, regardless of whether they’re part of your family or otherwise. In the case that you choose multiple beneficiaries, just be sure to be specific about who should receive what.
While legally validating a will varies from state to state, in most cases wills must be signed in the presence of two or more witnesses. Keep in mind that most states also require your will to be in writing, so you may want to commit your estate plans to paper.
As you plan for the future, it’s crucial that you create a will to ensure your loved ones are taken care of. For more information on how to write your will, be sure to check out LegalZoom’s infographic below.