Here is some important information on how to go about preparing a will. I give this advise freely in hopes it may help others. And for those that may ask how old should one be before they create a Will? The answer is 18 and up. You can always change and update it as you grow older.
1. Have or hire a good attorney in the area that you live. The cost can range any where from a couple hundred dollars, up to a couple thousand dollars or more. This all depends on several factors. Which could range from size of estate, additional court fees, and added existences.
2. The laws for Wills differ from state to state. Learn them for your state. So you are not surprised later when your love one dies.
3. If unable to afford a attorney there are other means and tools out there for you to create a Will from. (Make sure these forms or methods are legally excepted in your state.)
Such as soft ware for you to use on your home PC. There are very simple Will kits that you can buy at your local office supplies stores. And there are Web site's that provide services too.
4. Keep copies of all important paper work with your Will. Have them stored in a safe place like a safety deposit box. Make sure your lawyer has a copy in his office. Make some copies to keep in your home and with designated friends and family. With many copies the likely hood of it disappearing is zero.
5. Have some type of life insurance, and or a prepaid funeral package. This will guarantee two things. One your wishes will be carried out in regards of type of serves you want. Two it will not leave a financial mess on your family members.
Monday, December 22, 2008
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