Creating a Last Will doesn't have to be difficult. Whether you decide to use LawDepot's online software to create your Last Will and Testament or visit a lawyer, you should be prepared to address the following:
Who is the Testator
The testator is the person whose property will be distributed upon death - that's you. Female testators are often referred to as the testatrix.
Designate a Beneficiary
A beneficiary is a person or organization who will receive a gift under your Will. Designating a beneficiary allows you to control who will receive your property after you pass away and help avoid any confusion or disputes. If you don't designate any beneficiaries, the courts will distribute your estate among your surviving family according to a pre-determined formula. In that case your friends or charities would receive nothing.
Name an Executor
An executor is the person who will administer the Will according to your written terms and is sometimes referred to as a personal representative. You should choose a trustworthy and responsible person for this important task.
Provide for Children and/or Pets
If you have children who are still minors, you should name a guardian who will be willing to care for them. You may also choose to set aside funds specifically for the care of your children or pets.
Review and Sign
If you have completed your Will, it's important to carefully review the document to make sure that it is free of errors and accurately reflects your wishes. Once you have verified the Will is accurate, it is critical that you sign the document according to the laws of your state. LawDepot will provide state-specific instructions to help you execute your Will.