What is a Will?
A will is a legal document that expresses your wishes about how your property should be distributed after your death and who should care for any minor children.
Requirements for a Valid Will
Most states require:
- You must be at least 18 years old.
- You must be of “sound mind” (able to understand what you’re doing).
- The will must be in writing.
- You must sign the will.
- Two witnesses must sign (who are NOT beneficiaries).
Key Components
- Executor: The person who will carry out your wishes.
- Beneficiaries: Who gets what.
- Guardian: Who will care for minor children.
- Residuary clause: What happens to anything not specifically mentioned.
Important Notes
Keep your will in a safe place and tell your executor where it is. Review and update your will after major life events (marriage, divorce, birth of children, significant purchases).