GRACE DOUGHTEN ALTEMUS
CLASS OF 75
FOUR THINGS YOU SHOULD KNOW BEFORE YOU CREATE YOUR WILL
Creating a will can be a pretty prickly matter. Hey,
you still have plenty of Netflix left to binge on, right? You haven't had high tea in London yet, or munched on a croissant along the Seine River in Paris.
Life is for the living, but planning a will is an important part of the life you're living. Tomorrow is not promised. It's a gift, and prayerfully it's a gift that'll keep on giving for many decades to come.
Creating a will is just smart after you blow out 40 candles, and crucial by the time you're blowing out 60.
A will includes a financial power of attorney, a healthcare directive (also known as a medical power of attorney), and potentially a trust.
Here are six things you should know before
creating a will.
1. Decide what you want or not want to happen if you'r e physically unable to speak. Write it down.
2. Select a loved one to (It can be a close friend) carry out your wishes.
3. If you make it yourself, check out your state laws. Most of the DIY wills don't pick up unexpected legal issues.
Often, self-prepared wills aren't signed and finalized correctly.
4. Know your assets. Take inventory of your bank accounts, credit cards, investments. Then decide who gets what.
5. Select guardians and trustees wisely if you have young children. Don't pick the same person as guardian and trustee, so that one person don't have control of your children's assets.
Once you create your will, you'll have peace of mind that your wishes will be honored. When it's done, treat yourself to something special. Celebrate with your own DIY high tea, while watching BBC.