What is the Importance of Creating a Will?

What is the Importance of Creating a Will?

Planning for the future can be difficult, but it is important to do. While creating a will may be something you wish to avoid, it can greatly benefit you and your loved ones down the line. Read on to learn more about the importance of a will, how to create one, what to put in it, and more.

What is a Will?

A will may be one of the most important documents you ever create. It is a legal document that declares your wishes for your estate after your passing. It will ensure that your wishes are fulfilled, and take unnecessary stress off your friends and family.

Should I Create a Will?

Some people incorrectly believe that a will is only necessary for those of a very high net worth. This is certainly not the case. A will is important for anyone who intends to plan for their future.

What Do I Put in My Will?

A will may include assets such as:

  • Real estate
  • Bank accounts
  • Securities
  • Items of personality

Additionally, you can designate gifts and other items of sentimental value to family and friends. For example, if you wish to write a letter to a loved one, or leave a favorite photograph to a friend, you can designate these requests in your will.

It is important to note that you should not include funeral plans and wishes in your will. A will is usually read after the funeral, so if your funeral wishes are only left in your will, they may be accidentally overlooked. You should reach out to an attorney to ensure that your funeral wishes are made clear to your loved ones.

How Do I Validate My Will?

In New York, a will must be handwritten and signed. Additionally, two witnesses must be present at the signing. These witnesses must state that they are at a will signing, and that the signer is of sound mind and willing and able to sign the document.

Can I Make Changes to My Will?

Yes. Your life changes, so it is important to be able to change your plans. Some common reasons you may revise your will include:

  • Getting married/remarried
  • Having/adopting a child
  • Getting divorced
  • Losing a loved one that was included in the will
  • Gaining or losing a significant asset

Contact a Putnam County Wills Attorney

If you are thinking about what will happen to your estate after you pass, you should consider drafting a will. With this important testamentary document, you can secure your vision of the future and protect your family from undue stress and the potential for legal action. If you need a lawyer to advise you on anything related to wills and trusts, contact the Law Offices of Andres D. Gil, PLLC to schedule a consultation.

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