Mistakes to Avoid When Drafting a Will
No one wants to think about the possibility of leaving their loved ones behind, despite how vital it is for every adult to plan for this harsh reality. However, it is one of the most important things you will ever do. Despite how uncomfortable or morbid it may feel to address the future, there is no excuse for leaving your estate, family matters, finances, or other important legal issues unplanned and unaccounted for.
Many people make the following common mistakes when drafting their will, including:
- Failing to choose an executor you trust – An executor is the person who enforces your wishes exactly as you intended, and selecting the right person is a significant responsibility you should not take lightly. Choosing the wrong person to administer your estate can be disastrous.
- Failing to consider the children – If you have children, nothing is more heartbreaking than the concept of leaving them in the wrong hands after you are gone. It is critical you select the right guardian, one who you trust to care for your children’s needs as closely as you do.
- Failing to have a witness – Not only is it essential for you to sign a will in accordance with state laws, but you will need to do so in the presence of a valid witness to ensure the credibility of the document.