When setting your affairs in order in Washington, one thing to consider is writing your last will and testament. If you have a family and a large number of assets that you want to go to them, it is a good idea to be prepared for any eventuality, even if you are not yet at retirement age.
Writing a will may not be as simple as you would think at first glance. When you do sit down to write your will there are some important things to keep in mind.
A will should be written in such a way that it applies to your current situation. That is why ABC News stresses the importance of regularly updating your will whenever your life circumstances change. Some examples of major life events that would warrant such an update include marriage, divorce and the birth of a new child.
Tell someone the location
When you choose an executor for your will, make sure to tell him or her where it is. It is also a good idea to let at least one person in your family know. Try to keep it somewhere where it will be safe from damage, theft or fire.
Be selective with your witness and executor
You should have a backup executor in case something happens to your primary executor before you pass. Not only that, but your executor should also be someone whom you can trust and who is up to the task of overseeing the dispersal of your estate. A close and trusted friend or family member could be a good choice.