If you’re like millions of other Americans, you probably haven’t yet sat down and created a will. Maybe it’s because the idea seems overwhelming. Maybe you think creating a will is something only older people need to worry about. Either way now’s the time to get your affairs in order before it’s too late!
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While the legal requirements for making a will are few, there are some things that you should avoid when making one. If you want to make sure your will is just right, consider these things.
1. Don’t include property in a living trust
Many individuals, who are making a will, often include their property in a living trust. Although this is not a big deal, it can lead to some problems. If the individual dies without a valid will, the property included in the living trust will go to the state instead of its rightful heir.
2. Don’t Include business interests
A will is made to ensure that the heirs promptly receive their fair share of the deceased’s assets without any complications. If you have business interests and share them with your heirs, they may decide to dissolve them or sell them at a loss after your death. This would defeat the whole purpose of making a will.
It is recommended that you exclude all business interests from your will and not include them in the inheritance plan. First of all, it’s not necessary. There are other ways to ensure that your business continues to run smoothly. If you decide to include your business interests in your will, make sure that the person you choose as a probate lawyer can handle the responsibility.
3. Don’t include personal wishes
When you make a will, don’t include personal wishes and desires. You must write your will in such a way that it can be easily understood and followed. If it contains details of your personal life, these may confuse the estate lawyer or trustee to the extent that they don’t adhere to your plan when distributing your assets.
4. Don’t include funeral instructions
If you are making a will, you have probably considered the possibility of leaving instructions on how you would like your funeral to take place, particularly if there are specific people or places you would like to be present. However, there is no reason to put these instructions in your will.
Funeral instructions should be left with your next of kin or someone trusted. If you want to write out your wishes for the type of funeral that you would like, it should be written in a letter and tucked away in a safe place where your loved ones can easily access it after your death.
By considering these points, you’ll create a will that is comprehensive yet easy to follow. Contact us today for more information about wills, estate planning Queens, property lawyer Queens or Queens Estate lawyer
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