As time goes by, you have to anticipate the natural occurrence of passing away. As difficult it is to accept, it’s bound to happen, and you should prepare for it. Luckily, knowing that you’ll leave eventually, you can allow yourself room for preparation, by arranging all of your possessions and adequately distributing them. Preparing your possessions will help your family to not have to go through the trouble and potential disagreement of being left alone in deciding who gets what.
A will is a legal document that includes how you want your property distributed, and which possessions go to your family members or a chosen recipient. You can freely decide who you wish to receive your assets right after your loss. Without a will, your property and possessions will be spread out to family members, even if it’s not what you wanted.
If you have a tight schedule day and night, you can always opt to create a will online at sites such as Willed as it’s a lot more convenient, and you can add any information that you want without having to pay an additional fee to your lawyer. Listed below are some ways in which you can create a will online:
1. Lists All of Your Assets
Just as you spent your life preparing for your future, you also have to prepare for what comes after. The most essential part of creating a will is listing down all of your assets to distribute them the way that you want. You must be able to jot down all your properties and possessions, leaving no assets behind.
You can start by listing down your financial aspects, such as your savings and checking, any investment accounts that involve bonds and stocks. The next thing you need to list is all of the properties that you own, such as houses, lands, real-estate, cars and boats.
2. Choose Your Beneficiaries
After you’ve listed down all of your assets, it’s time to choose beneficiaries. A beneficiary is a person who’ll be receiving something in your will. Beneficiaries are usually your spouse, children, relative, or a trusted friend. You can choose anyone you want as a beneficiary in your will, except for the person who witnesses you signing it.
You have to power to leave everything that you possess with a single individual, or spread it among loved one.
3. Pick an Executor
An executor is an organization or an individual that will administrate the assets you’ve written into your will. Your executor will pay any bills such as taxes or debts, and file any income taxes that you’ve left behind. You can choose a bank attorney to be your executor, but they come with a hefty fee. To help you save a few bucks, you should choose a loved one or a trusted friend to be your executor.
4. Choose A Site
After you’ve listed down all of your assets and beneficiaries, you should choose a website to help you create your will and make it legal. Make sure to pick a credible and legal website, to guarantee that you’re not putting your money to waste.
Choose a site that provides a simple step by step process, and has an option to avail of any attorney advice just in case you need it. One great feature to look for with online will websites is to have unlimited updates for your documents if you’ve suddenly changed your mind about your beneficiaries.
5. Place Your Will in A Safe Place
After creating your will online, you can print it out and keep it in a safe place. In most states, to make your last will valid, you need to sign it in front of a witness for it to become a legal document.
You should create a digital file, and send your will to a trusted family member so that they’ll have access to it in case it’s necessary. To be extra sure, print out the document and put it in a safe box. You can tell a trusted family or friend where they can find it, and how they can access it when the time comes.
Creating your will online is a convenient way to make one without spending hundreds of bucks just hiring an attorney. You’ll be able to save a lot in both cost and time, and you’ll be able to secure where your assets will go after you’ve passed away.
It’s always a smart idea to ensure that your possessions go where you want them to after you pass, to guarantee that those who you want to have a piece of you forever get to have it.