What do I Need to Know About Writing a Will?

Many people feel that drafting their will is a gloomy, daunting task. This is understandable, because its implications are rather grim, at least on its face. However, you may choose to think about your will in a different way. For example, by writing a will, you are providing your family with instructions for their benefit and safety. In a way, with a well-written will, you can provide for your family even after you’ve passed on. If you think it is time to begin looking into the will-writing process, you’ve come to the right place. Here are some questions you may have:

What is the best way to write my will?

There are several will-writing kits and online will options. However, it would be a lie to say they aren’t foolproof. Though this should not be the case, unfortunately, it is. By drafting your will alone, you risk running into several legal pitfalls that even the smallest miswording can bring about. You may proceed this way if you wish, but your family may be the ones who feel its repercussions. This is why it is always best to hire an experienced attorney who can walk you through the will-writing process. An attorney will help you ensure you are doing the right thing, every step of the way. 

What is an executor?

Your executor is the person you appoint to handle your estate matters upon your passing. The executor you choose must be competent, trustworthy, and responsible. The main function of a solid will is to establish the terms of your estate. This is why you must appoint an executor who ensures everything is carried out in accordance with your wishes. Generally, people select their children or spouse as their executor.

What does a trustee do?

If you are the last living parent of a child under the age of 18, you may wish to appoint a trustee. Essentially, a trustee will help manage your finances until your child is old enough to do so alone.

Why would I appoint a guardian?

If you are the last living parent of a child 18 years or younger, appointing a guardian is extremely important. As a caring parent, it is your job to ensure your child is in the right hands in the event of a tragedy. If you do not select a guardian before your death, the courts may do so for you. This is why you must confer with a potential guardian as soon as possible and ensure you can appoint them as your child’s guardian in the event of an untimely death.

Contact our New Jersey firm

Our firm proudly represents clients in New Jersey who are faced with matters of family law, criminal defense, business law, real estate law, or estate planning. If you require strong and dedicated representation for any of your legal matters, contact The Law Offices of George J. Mardinly to schedule a consultation.