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Worried about your health? Maybe you should work on you will.
TIPS
Tags: will, estate planning, estates, death, funeral, cemetary, family, inheritance
A will is the most practical first step in estate planning; it makes clear how you want your property to be distributed after you die. Here are the rules. Know any others?
| 1. | In most states, you must be 18 years of age or older. |
| 2. | A will must be written in sound judgment and mental capacity to be valid. |
| 3. | The document must clearly state that it is your will. |
| 4. | An executor of your will, who ensures your estate is distributed according to your wishes, must be named. |
| 5. | It is not necessary to notarize or record your will but these can safeguard against any claims that your will is invalid. To be valid, you must sign a will in the presence of at least two witnesses. |
| 6. | It's also the best place to name guardians for your children. |
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