A will is a document that has far-reaching impacts, so it’s important to think carefully about what information you need before you get started. The right will can ensure that the proper person gets guardianship of any children, too.
Your will is truly the last statement you make to the world, so it goes beyond naming who gets which of your belongings. While you can make updates to your will throughout the course of your life, the terms of your will remain fixed after you pass away.
Your will should be created in line with the laws of your state of residence. To make a will in Virginia, you need to consider the following steps:
- List out all of your property
- List out any and all debts that you owe
- List potential heirs who you might want to receive something that you own (include both the first and the last names)
- Line up the assets on your list with the right heir. You do not have to distribute your belongings equally or give something to every person
- Consider whether or not any conditions might apply to certain gifts and whether or not a trust is a better vehicle for passing those on than your will in Virginia
- Choose a guardian for any minor children
- Review this list to make sure you haven’t missed any details
Many people overlook the opportunity to discuss your intended plans with a lawyer, but this can be a big help when you’re concerned about many aspects of your estate plan. An attorney can review your details and point out any information you missed and whether or not there are other and better ways to accomplish your specific goals.
Don’t wait to reach out to a lawyer about creating your will in Virginia. It’s an important first step towards protecting your future.