Where to start?

Start taking inventory of your assets. This could include investments, savings, insurance policies, real estate and personal property. Ask yourself three questions:

  • Whom do you want to inherit your assets?
  • Whom do you want handling your financial affairs if you ever become incapacitated?
  • Whom do you want making medical decisions for you if you become unable to make them for yourself?

A will tells the world exactly where you want your assets distributed when you die. It’s also the best place to name guardians for your children. Dying without a will – also known as dying “intestate” – can be costly to your heirs and leaves you no say over who gets your assets. Even if you have a trust, you still need a will to take care of any holdings outside of a trust plan when you die.