In each state there are different laws that stipulate how your assets are distributed in the event of your death. You can’t assume that it will all go to your spouse or children; sometimes distant relatives get a slice and sometimes if there isn’t an official document from you, then your assets just get absorbed into the state. Here are some steps that you should take from Cash Money Life on how and why to get a will started.

Items to consider:

• You must be of sound mind and judgment.
• It needs to be apparent that the creation and signing of the will be completely voluntary.
• Any newer version of the will needs to acknowledge past wills and state this new one entirely replaces any other ones.
• If you have young children, their guardian needs to be listed here.
• Your property needs to be listed and what is to be done with it.
• All of your assets need to be listed and how they are to be distributed.
• Make the will yourself using a site like Legal Zoom
• Although more expensive, you could hire and estate planning lawyer for greater peace of mind that all is prepared correctly.

If you’d like to learn more then visit Cash Money Life’s Why You Need a Will, and How to Make One.