How to Create a Will: 8 Easy Steps for New Parents

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Writing a will might not be the most enjoyable task, but it’s vital for new parents. Here’s what you need to know to get started on crafting a will that protects your family.

Why New Parents Need a Will

Having a will ensures that your wishes regarding your family and assets are honored after you’re gone. Each parent should have their own will. Here’s why:

1. Choosing a Guardian for Your Kids: A will allows you to designate who will take care of your children if something happens to you.
2. Distributing Your Assets: You can specify how you want your belongings—like your home, car, jewelry, or even clothing—to be divided. Without a will, the probate court will decide for you, which might not align with your wishes. If your child is a minor, the court will appoint someone to manage and distribute any funds until they reach adulthood.

Do You Need a Lawyer to Write a Will?

While it’s advisable to consult a lawyer to ensure everything is legally sound, many online resources can help you draft a basic will. However, if your situation is complex, seeking professional guidance is wise.

Steps to Write a Will

1. Gather Necessary Documents: Collect information about your assets, including real estate, bank accounts, and personal belongings.
2. Choose Your Guardians: Think carefully about who you want to look after your kids. This decision is crucial and should reflect your values and trust.
3. Decide on Asset Distribution: Outline how you want your belongings divided. It’s a good idea to make a list of everything you own.
4. Draft the Will: Use a template or online service to help you structure your will. You can also check out resources like Modern Family Blog for additional guidance.
5. Review and Revise: Once you have a draft, take time to review it. Make sure it aligns with your wishes.
6. Sign the Will: Ensure you sign your will in the presence of witnesses, as required by your state law.
7. Store It Safely: Keep your will in a secure place, like a safe or with your lawyer, and let your loved ones know where to find it.
8. Update as Necessary: Life changes, and so should your will. Revisit it regularly, especially after major life events like a new child or a change in marital status.

Additional Considerations

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In summary, writing a will may seem daunting, but it’s a crucial step for ensuring your family’s future is secure. Taking these steps can help make the process more manageable.