Three Tips For Writing Your Will

American Investment Planners LLC

500 North Broadway, Suite 260, Jericho, NY 11753

(516) 932-5130 / (866) 932-5130

So the time has come to write your will - where do you start? Though writing a will probably isn't necessarily an ideal task for your to-do list, it's still important to get it done so that you're all set for your future. But since we know that this isn't as easy as jotting down a few names on a piece of paper, we've put together the following list of tips to help you get through:

1. Think carefully about your beneficiary: Your beneficiary is the person who will inherit your assets, so choose wisely! Before you set anything in stone, take some time to think about who you feel is best for the title - children, siblings, cousins, your choice. And don't forget to take age and health into consideration. Though you may have someone in mind, think about where their future stands in comparison to yours as well.
2. Choose an executor: While yes, your beneficiaries will wind up with your assets, who's to say that your needs will actually be met? The good news is, there is someone for that - the executor of your will. This person's job is to make sure that what you wish for in your will truly comes to pass. That means you need to choose someone who is responsible!
3. Be as specific as possible: The more specific you are, the better, and that's for both people who are getting something and people who aren't. For example, if you have multiple children but want something specific to only go to one, you'll need to write that out clearly. Additionally, if you have someone who you don't want anything to be left to, you need to mark that down too to avoid having your will challenged at a later date. Like anything else, the more information you can provide in this legal document, the easier it is to ensure that everything is carried out the way you hoped it would be.

That all being said, what questions do you have about writing a will? Do you have other questions about the process of estate planning? If you're ready to get started on planning for what will happen after you pass, give us a call at (516) 932-5130. Our team specializes in estate planning and will guide you on the right path to making smart decisions for your future!