Importance of a Will

What Is a Will?
A last will and testament—or will—is a legal document that clearly defines where your assets will go when you die. Assets include everything you own, including your home, car, family heirlooms, electronics, pets, etc. Even if you don’t think you have many assets, what you have should go where you want it instead of where the state thinks it should go.

Things to Consider…
Here are some key things you’ll need to decide as you prepare your will:

• Who do you want to name as your beneficiary(ies)? It can be an individual, several people, a non-profit organization(s), or some combination.
• How do you want your assets split up among beneficiaries?
• Who will you choose to serve as executor of your estate? Detailed asset valuations and reporting are often involved, so choose someone who will be able to effectively manage the process.
• If you have young children, you need to name a guardian.
• Do you have complex relationships, such as an ex-spouse or custody of non-biological children? Additional legal documents may be required.

Did you know you have access to a free 30-minute consultation with an attorney? The Life Assistance Program is free to you and any member of your family. It also has a free 30-minute financial consultation with an accountant. To learn more, click here.