VIEWS: 2 PAGES: 2 CATEGORY: Legal POSTED ON: 8/30/2011
As you begin to create your will, it’s important that you understand all aspects of your estate planning.
Understanding the Details of Your Will As you begin to create your will, it’s important that you understand all aspects of your estate planning. You want to make sure that you have the best will possible, and that you understand how your will can help you. Take a look at the following information to better understand how this planning document works. If you have any questions, or if you’d like to begin designing your will, contact an estate planning attorney. A will can be a powerful estate planning tool. Take a look at how it can fit in with your estate plan. If you choose to create a will, you’ll be able to do the following: A will makes it possible to choose beneficiaries for your assets A will allows you to appoint an executor who will handle your estate affairs A will gives you the opportunity to appoint a guardian for your minor child It’s important to note that not all assets can be included in your will. If you own any of the following items, they can’t be controlled by your will: Assets that are included in a pay on death or transfer on death account Property that is jointly owned with another individual Assets that require a beneficiary designation, such as pensions, retirement accounts, and life insurance policies Assets that are held in a revocable living trust In order to have a successful will in place, you will need to follow these important tips. When creating your will, make sure to remember the following: You shouldn’t attempt to create your own will Your will may need to be updated throughout your lifetime, in order to be effective You should store your will in a safe place Your need to communicate with your loved ones, to make sure they know that you’ve done your estate planning If you have any additional questions, or if you’re ready to create a will, consult with a qualified estate planning attorney Experienced estate planning attorneys Fayetteville AR of the Deborah Sexton Law Office PA offers estate planning and business planning resources to residents of Fayetteville AR. To learn more about these free resources, please visit www.arkansas-estateplanning.com today.
"Understanding the Details of Your Will"