DIY Guide: How to Make a Will Without a Lawyer Easily

When the time comes to think about the future and how you want your assets handled, drafting a will is a critical step. And guess what? You don’t need a fancy lawyer to get it done. Today, we’re breaking down how you can roll up your sleeves and do it yourself. Plus, we’ll hook you up with a DIY will template to make the process even smoother.

Understanding the Basics

First things first, let’s get the basics down. A will is a legal document that spells out your wishes regarding the distribution of your assets and the care of any minor children. If you’re reading this, you’re probably wondering, “Can I really do this on my own?” Absolutely, and here’s how to kick things off.

Step 1: Decide What to Include

Start by listing out your assets. This includes your home, car, bank accounts, investments, and sentimental items. Then, think about who you want to inherit these assets. These folks are known as your beneficiaries. Don’t forget to consider alternate beneficiaries, just in case your primary choices are not available.

Step 2: Choose an Executor

Your executor is the person who will carry out your wishes as stated in your will. Choose someone you trust deeply and who is capable of handling this responsibility. It could be a family member, a close friend, or anyone you deem fit.

Step 3: Guardians for the Kids

If you have minor children, deciding on a guardian is a must. This should be someone who shares your values and is capable of raising your children in a loving environment. Have a heart-to-heart with potential guardians to make sure they’re up for the task.

Step 4: Get It in Writing

Now, for the main event: drafting your will. While you can scribble your wishes on a napkin, it’s not exactly the best approach. Use a DIY will template to ensure you cover all the legal bases. Fill in the blanks with your specific details, and voilà, you’re on your way.

Step 5: Sign and Witness

For your will to hold water legally, you’ll need to sign it in front of witnesses. The rules about who can be a witness vary from place to place, but generally, they should be adults who aren’t beneficiaries of the will. Some states also require the will to be notarized.

Step 6: Keep It Safe

Once your will is signed and witnessed, find a safe place to store it. A fireproof safe in your home or a safe deposit box at your bank are good bets. Make sure your executor knows where to find it when the time comes.

Common Pitfalls to Avoid

• Procrastination: Don’t wait for the “right time” to make a will. The right time is now.
• Vagueness: Be as clear as possible about your wishes to prevent any misunderstandings.
• Forgetting to Update: Life changes. So should your will. Review it periodically and make updates as needed.