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Wills are Important - Continued

Continued from Wills are Important

You can find many do it yourself will kits through your lawyers office, though online resources, and in books that you can purchase. The do it yourself will kits will remind you of what types of items and situations you should be addressing in your final wishes and ideas.

Where should you keep your will after you have written it? 
A safety deposit box in the bank is a good place to keep your will or you can keep it with your lawyer. Another place you can keep your will is in a safe in your home or with a loved one in a sealed container of some type. There are some services that will hold valuables that you can use to hold your will until your death if you like as well. Where every you keep your will, you should make it accessible in some method so you can make changes if needed in the future in case you have more children, additional assets or responsibilities. 

What are some of the considerations that you should remember when making out a will?
You should state who ‘gets’ or receives your property when you die. If you have a home, a condo, an apartment full of furniture, a collection of stamps, coins or anything of value, or if you have a few banks accounts, businesses, or anything that can be of use to another person. 

What happens when you don’t have a will? 
Laws vary from state to state, and from country to country. In some areas, your next of kin may have some right to receive your valuables, but in other areas of the country, your valuables could be left to the government or the state.



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Copyright 2007 tipking all rights reserved. Last update 27th May 2007