FAQ’S Frequently Asked Questions
- September 2, 2015
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Do I need an Attorney to create my will?
No, you do not need an attorney to create your will. You can use this site to generate a simple will.
My Will is completed what do I do now?
Once you have completed your Will and spoken with your family members and friends who will either fill one of the roles of guardian or executor, you then need to:
- Sign the will
- Have two or three witnesses who are not party to your will ( not included in the Will ) sign the Will.
Take the will, make copies in paper and PDF format.
Put the original in your safe, safe deposit box or other place of safekeeping. Give a copy to your executor and to a trusted family member or friend.
We would also suggest that you store a copy of your will on DropBox, Mega or some similar secure site where you should keep a copy of all your secure documents.
Isn’t it wise to consult an attorney for my Will?
Yes, we advise everyone to have an attorney to review their will. We are not legal advisors in any shape or form. We provide this will to help you get started. It is always wise to consult an attorney as each state has their own unique laws that apply to Wills. Estate and inheritance tax laws and rates vary from state to state. It is especially wise to consult with an attorney if any of the following conditions apply to you:
- If you have a sizeable estate – 2 million dollars or more in assets.
- You want to establish a trust for your child or children that designates when they are to receive their assets.
Why use the will that you provide?
Their are multiple items to consider when putting together a Will. These include:
- Who will take care of your children if you die and have no spouse or your and your spouse die
- Who should get specific items of property
- Is there a way to give more to one family member than an other
- How to minimize the chance that your will will be contested
- How to minimize tax consequences to the people receiving your inheritance
The Will we provide helps you step through the will and consider:
- Who will be the guardian, alternate and backup guardians for your children who are under 18 years of age
- Whether you want to give items of cash or property to specific individuals
- Whether you want to set aside cash and designate someone to take care of your pet(s)
- Whether your spouse, family member or someone else should be designated as the executor of your estate
Filling out our Will will enable you to have all these items thought through before meeting with an attorney. This will reduce the number of meetings and correspondence you have with your attorney which will save you money.
What about my pets?
You must make plans for whom will take care of your Pet while your are sick or upon your death.
Do not assume that a family member or friend will do it. You may think they will take care of your Pet but you may be wrong.
You should discuss your Pet with friends and familiy members and identify who is willing or better yet, would love to take care of your Pet. To be fair, you should set aside money for the feeding and medical care of your Pet that will last several years. You should outline the responsibilities of the Pet Owner and any special needs and medications of your Pet. Unfortunately it is very hard to guarantee that your Pet will not be sold and your money pocketed.
The most important thing here is to have conversations with your friends who agree to take care of your pet and ensure they are sincere , they know your Pet’s needs and will really care for your pet.
Thousands of Pets wind up in the SPCA each year because the owner assumes a family member or friend will care for their Pet.
Please Note that you can not leave money or property to a Pet. However you may set up a trust for your Pet. To do this please consult an attorney.