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Personal Injuries: Basic Knowledge For You


5 Things To Include In Your Last Will And Testament

Have you decided that you want to take that first estate planning step and create a will? You'll definitely want to know the things that you should include in a will so that you can start making the big decisions before you meet with a lawyer.

List Of Beneficiaries

Who are the people that you want to leave your estate to after you pass away? Some people keep it simple and have everything go to their children, while others expand their beneficiaries and include other family members and friends. Your beneficiaries are everyone you will be dividing assets among, and a bigger list of beneficiaries will make the will more complicated. 

List Of Physical Assets

You'll need to make a list of assets that you will be leaving to your beneficiaries. This includes physical assets like homes and vehicles, but can also include bank accounts, investments, and things of that nature. You'll then need to assign a beneficiary to each asset so that it is clear who would be receiving what.

List Digital Assets

One thing to keep in mind is that many people have digital assets that they do not think about, but are just as important as physical assets. You'll want to list things like your social media accounts, access to online bank and cryptocurrency accounts, NFTs, and anything digital that holds value to you. Then you should make a decision about what happens to these digital assets after you pass away. 

Executor

The executor is the person that you will trust to manage your estate after you pass away. They will need to secure assets so that other people do not have access to them, to pay off your debts and taxes, and then to distribute the remaining assets as you have outlined in the will. The executor needs to be a person that you trust with these responsibilities since they ultimately are the person carrying out your wishes.

Guardianship

Anyone with minor children should also specify their desires for guardianship. It's an incredibly important decision since the guardians are the people that would step in and take over your role as the parent. You'll want to select guardians that share similar beliefs about how you would want to raise your child, which includes things like their religious values. Guardians should also avoid disrupting your child's life as much as possible, which is why it helps to find someone local to where you live as well.

Contact a will-drafting attorney to learn more.

About Me

Personal Injuries: Basic Knowledge For You

I have worked as a legal office assistant for about 20 years. The office specializes in personal injury claims, and many clients are looking for settlements. I have great compassion for the individuals I see, and most people are looking for money to pay their bills. Unfortunately, insurance claims are difficult and clients often file the wrong paperwork. They don't see many doctors due to costs, and settlement offers are generally low. I know that lawyers can help to raise claims substantially. They know the law and they can offer advice to clients so good results are seen. I want you to learn some basic information about personal injuries, insurance settlements, and the general claims process. Your rights and needs are important, but it's difficult to secure a settlement if you know nothing about the law. Gain some knowledge today, so your personal injury decisions are the right ones.

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