Will Preparation: Step-by-Step Guide to Drafting a Legally Sound Will

A will is a critical document in estate planning. It will ensure that your estate is distributed according to your wishes after your death. Preparing your will might seem like a huge task. However, below is a step-by-step guide on how you can draft a legally sound Will to ensure that your family and loved ones are covered and protected when you are no longer around.

What is Will Preparation?

Will preparation begins when you decide to write your will, gather a list of all your properties and assets, and start thinking about your final wishes and the type of will you want in place.

Which are the Will Preparation Checklist to Consider?

You need to have a checklist to consider when you are preparing your Will, which include –

1. Inventory of your assets

2. Gather necessary documents

3. Choose your beneficiaries

4. Appoint an Executor

5. Appoint a guardian

6. Sign your will

7. Storage of your will

8. Update and review your will.

Where to Download Will Preparation Worksheet Online

You can access a free and downloadable Will preparation Worksheet that will clarify the steps required on how to write a will through our LegalPen website. Contact us to get this copy

What is the Simplest Way to Make a Will Preparation?

The simplest way to prepare a Will is to follow the provided guidelines online or contact a legal professional who will assist and guide you through what is needed and the laws to be followed.

Where to get Online Will Preparation?

You can create your will online for a fee in a few hours when you use LegalPen, who have legal professionals on standby and is our top choice in Will writing services as they have step-by-step guidance on how to write a Will and are available for any consultations.

What is Will Preparation Cost?

Creating a Will can cost a minimum of $150, depending on the size of the estate, the complexity and time involved, and whether you will use DIY or get the assistance of an Attorney.

What are the 7 Steps of preparing a Will?

When preparing your will, there are seven steps that you need to follow on how to make a will; –

1. Inventory of your assets and debts

You should have a list of all your assets and debts so that you remember everything.

2. Choosing an executor

You should appoint an executor who will be responsible for distributing your assets in accordance with your wishes.

3. Selecting the beneficiaries

You should select your beneficiaries, who will benefit from your estate, and state who will inherit a specific asset.

4. Appointing a guardian

A guardian will be responsible for taking care of your minor children and pets.

5. Drafting your will

Draft your will in accordance with state laws and regulations. Then, sign it and have it witnessed to make it legally binding.

6. Reviewing and updating your will regularly

You should review and update your will regularly or after a significant life event such as marriage, divorce, birth, or changes in your financial situation.

7. Storing your will

You should store your will in a place that is safe and can be easily accessed after your death.

How do you Store your Prepared Will?

When you have finished preparing your will, the next step is storing your will. Your Will should be stored in a safe and easily accessible location. Some of the recommended storage locations for your prepared will are; –

1. In a safety deposit box
2. In a fireproof and waterproof safe
3. With an Attorney
4. With the probate Court

What are the Documents Needed for Will Preparation?

When preparing your Will, the following are the documents and information that are required; –

1. Birth certificates
2. Marriage certificates
3. All bank account information
4. Deeds to properties
5. Mortgage Information
6. Investment portfolio
7. Funeral plans