Free Articles  >>  Legal >>  Page 353  >> 

Thinking Of Creating A Last Will And Testament Prepare Carefully

Most of us know that we should take the time to prepare a last will and testament, but all too few of us actually get around to creating this important legal document. The reasons for this procrastination are many. Sometimes young people may feel that they are invulnerable and therefore do not need a will. Young workers may feel that they have not yet accumulated enough assets to warrant a formal will. And many older people may put off the creation of a last will and testament because the subject is morbid.

No matter what the reasons for procrastination it is important to overcome them. Putting off this important task does nothing except put your family at risk and postpone the inevitable day of reckoning. Fortunately there are a number of things you can do to make this admittedly unpleasant task a great deal easier. By preparing well you can take a lot of the pain and hassle out of creating a last will and testament while providing your loved ones with the legal and financial protection they will need in the event of your untimely death.

Make It a Family Affair

Having a family meeting about the creation of a will may not be the most pleasant thing in the world, but it is one of the most important. Gathering the family together to talk about the creation of a will is important, and keeping the lines of communication open during the process is just as important.

It is not necessary to involve young children in this process, and many parents will not wish to share financial details with their older kids, but it is a good idea to have age appropriate conversations with children who are mature enough to deal with such matters.

Adult children should definitely be part of this important discussion, especially since one of the adult children is likely to be named as the executor of the estate. This may also be a good time for parents to discuss their children’s situations and prod them to create wills of their own if they have not already done so.

Have a Serious Discussion

Now is also a great time to hold serious discussions about delicate issues such as the choice of guardianship for the children and the choice for executor of the estate. No matter who is ultimately chosen it is essential to make sure that:

a. They want the responsibility
b. They are capable of handling the responsibility

When choosing an executor for the estate it is vital to choose someone who is mature and responsible, since that individual will be charged with the task of handling all the details of the estate. These duties will vary from estate to estate, but this person may be asked to look after any real estate and make prudent investment decisions with the funds your heirs will inherent.

Choosing a mature and responsible person is even more essential when it comes to naming a guardian for your minor children. It is essential that the person you choose have a genuine desire to raise the children in the event of your demise, so serious discussions are definitely in order here. This can be a difficult subject to broach, but it is certainly a discussion worth having.

Only after you have completed this planning should you sit down and actually start planning your will. Taking these preliminary steps will make the process of creating your last will and testament much easier and considerably less stressful.
About Author Lorabella :

For more information about arv and testament, please visit <a href="" target="_blank"></a>

Article Source:
Article Url:

Article Added on Tuesday, August 4, 2009
Other Articles by Lorabella

Creating a Last Will and Testament the Advantages and Disadvantages of Do it Yourself Will Kits
If you have been thinking about creating a last will and testament chances are you have at least considered using one of those ready made will kits. These kits are everywhere it seems – in your email box, on the internet and even at the local office supply store. You have probably been wondering if these will kits are as good as a will created by an attorney, and whether or not your family can really rely on these do it yourself documents when they are needed. Of course every ready made will...

Why Preparing Your Last Will and Testament at Tax Time Makes So Much Sense
If there is anything more daunting than doing your taxes it is making out your last will and testament. While tax season only forces you to face the fragility of your finances, the creation of a last will and testament forces you to face the fragility of your life. Given the unpleasantness of the task it is no wonder so many of us put off creating our wills until it is too late, leaving our family members to pick up the pieces and try to sort out the family finances as best they can. That is...

How to Discuss a Final Will and Testament With Your Parents
There are few things in life as unpleasant as discussing death and dying, and perhaps that is why so few of us take the time to create a last will and testament. The creation of a final will and testament requires family members to come face to face with their own mortality, and this is certainly not something most people want to think about. Even when a family member has experienced a serious health problem there may still be a reluctance to make out a will, but it is important to overcome...

A Last Will and Testament is Your Key to Proper Estate Planning
Many people know that they should develop an estate plan to protect themselves and their property. Yet many of those same people have not even taken the time to create a last will and testament. If you need to protect your property from taxes and legal problems with an estate plan it is absolutely essential to first create a solid last will and testament. Without a last will and testament in place the loved ones you leave behind could be left to the mercy of the state and the court system. As...

What is a Last Will and Testament and Why Do I Need One
Many people are under the mistaken impression that a will is unnecessary for those who do not have significant assets to protect, but the truth is that everyone should have a valid will in place. No matter how much or how little you have in the way of assets it is important to provide protection for those assets and for those you will leave behind. Each of us have people that we care about, whether they be family members or trusted friends, and having a last will and testament in place can...

The Many Advantages of Having a Will
Creating a last will and testament is one of those tasks we know we should do but keep putting off. The reasons behind this reluctance are obvious – after all none of us yearns to face our own mortality, and making out a will is certainly not a pleasant task. Even so it is important for each individual to take the time to create a final will and testament. This important document is vital to protecting your family and your assets in the event of an untimely death. Creating a will is absolutely...

Last Wills and Testament Should You Write Your Own
Should you write your own last will and testament? After all, there are so many online applications, computer software programs, preprinted forms, obliging friends, and helpful books available today that it almost seems foolish not to do so. Nonetheless, it is important to consider the repercussions of not creating a will using the services of an estate planner or attorney. Several reasons not to do so are prominent among those that exist. If You’ve Seen One Estate, You’ve Seen Them...

Does a Last Will and Testament Transfer to Another State
What happens when an individual creates a last will and testament in one state and moves to another one? Does her last will and testament transfer to the state that she has moved to? The answer to this question actually depends on several different facets. Transferring a Last Will and Testament: The Validity of the Will In general, if the last will and testament was valid in the first state, then it will be valid in the second state. However, it must have followed each one of the guidelines...

Last Will and Testament Family Considerations and Estate Plans
In many situations, an estate plan does not have to be part of the last will and testament scenario. After all, not everyone has a large estate or multiple beneficiaries to think about. Personal situations vary greatly from one person to the next so the need for an estate plan will also fluctuate. However, a few critical considerations can help you to determine whether or not you should look into hiring the services of an estate planner to assist you in the creation of your last will and...

Last Will and Testament What Does the Personal Representative Get
The personal representative is also referred to as the executor of the estate. She is usually appointed by the testator or creator of the will. While the personal representative does receive financial compensation for her services, this amount varies from one state to another as well as being dependent upon the circumstances. Is There a Last Will and Testament? If a last will and testament exists, then it should be checked to see what it indicates for the personal representative’s fee. It...

Click here to see More Articles by Lorabella
Publishers / Webmasters
Article ID: 151039
DELINK URL from Authors Bio
REMOVE Article
Tell A Friend
Leave A Comment!
Download this article in PDF
Report Article!
Search through all the articles:

258 Users Online!!
Related Articles:
Latest Articles:
Legal >> Top 50 Articles on Legal
Category - >
Advertising Advice Affiliate Programs Automobiles
Be Your Own Mentor Careers Communication Consumers
CopyWriting Crime Domain Names DoT com Entrepreneur Corner
Ebooks Ecommerce Education Email
Entertainment Environment Family Finance And Business
Food & Drink Gardening Health & Fitness Hobbies
Home Business Home Improvement Humour House Holds
Internet And Computers Kiddos and Teens Legal Matters Mail Order
Management Marketing Marriage MetaPhysical
Motivational MultiMedia Multi Level Marketing NewsLetters
Pets Psychology Religion Parenting
Politics Sales Science Search Engine Optimization
Site Promotion Sports Technology Travel
Web Development Web Hosting WeightLoss Women's Corner
Writing Miscellaneous Articles Real Estate Arts And Crafts

Disclaimer: The information presented and opinions expressed in the articles are those of the authors
and do not necessarily represent the views of and/or its owners.

Copyright © AwareINDIA. All rights reserved || Privacy Policy || Terms Of Use || Author Guidelines || Free Articles
FAQs Link To Us || Submit An Article || Free Downloads|| Contact Us || Site Map  || Advertise with Us ||
Click here for Special webhosting packages for visitors of this website only!
Vastu Shastra

Bulk Email Solutions India Provided By AwareIndia

Company IDS