what to consider when preparing a will
DESCRIPTION
It's always best to have a will in place just in case. Here are a few things to consider when setting yours up.TRANSCRIPT
WHAT TO CONSIDER WHEN PREPARING A WILL
1 TAKE A LOOK AT YOUR ASSETS.
Assets to Consider:MoneyPropertyBank AccountsFurnitureJewelryOther Items of
Sentimental Value
2 CHOOSE A GUARDIAN FOR YOUR CHILDREN
If your children are under the age of 18, a guardian needs to be appointed. If a guardian is not chosen, the court steps in and makes the decision.
Candidate Considerations: Family values Relationship with your
child Financial status Parenting Level of responsibility
3 SELECT AN EXECUTER
Executer: The person that will carry out your will and handle all of your business and financial matters after your death.
Who Can Be an Executer? Relatives Estate Attorneys
Catanese and Wells
*More than one executer is usually chosen
4 DO YOU WANT A TRUST?
Trust: a legal arrangement where assets are held and managed by the trustees on behalf of the beneficiaries until they reach a certain age.
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