What to Consider When Preparing a Will

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WHAT TO CONSIDER WHEN PREPARING A WILL

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It's always best to have a will in place just in case. Here are a few things to consider when setting yours up.

Transcript of What to Consider When Preparing a Will

Page 1: What to Consider When Preparing a Will

WHAT TO CONSIDER WHEN PREPARING A WILL

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1 TAKE A LOOK AT YOUR ASSETS.

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Assets to Consider:MoneyPropertyBank AccountsFurnitureJewelryOther Items of

Sentimental Value

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2 CHOOSE A GUARDIAN FOR YOUR CHILDREN

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If your children are under the age of 18, a guardian needs to be appointed. If a guardian is not chosen, the court steps in and makes the decision.

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Candidate Considerations: Family values Relationship with your

child Financial status Parenting Level of responsibility

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3 SELECT AN EXECUTER

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Executer: The person that will carry out your will and handle all of your business and financial matters after your death.

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Who Can Be an Executer? Relatives Estate Attorneys

Catanese and Wells

*More than one executer is usually chosen

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4 DO YOU WANT A TRUST?

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Trust: a legal arrangement where assets are held and managed by the trustees on behalf of the beneficiaries until they reach a certain age.