Life is fragile.  Accidents, heart attacks and serious illnesses faced by family and friends have served as reminders to be prepared for the unexpected. Making a will is a key part of being prepared.

What is a will?

 A will is a legal document that describes what a person wants to happen with their possessions and assets when they die.  If someone dies without a will, local laws determine what happens with their belongings and property.  Many people find it difficult to talk about what they want to happen when they die, while others think they are too young to worry about a will.  If you own anything of value – jewelry, musical instruments, sports equipment or a car – it’s important to have a will.

 Who will administer the will?

An executor is the person responsible for carrying out the wishes specified in your will.  Some people choose a family member or friend as the executor, while others prefer to appoint a lawyer or accountant, particularly if there may be conflicts over what is to be inherited and by whom. 

 Signing a will

 There are special rules about signing a will.  It is common to require two witnesses who must watch you sign your will, and then watch each other sign the will.  A person who is to receive a gift listed in the will cannot serve as a witness.   

Storing your will

 Once you’ve signed your will, consider providing copies to the executor and beneficiaries.    Keep the will in a secure place that is easily accessible.  Make sure that your loved ones know where to find the will. 

Taking the time to make a will is an important part of thinking through your end-of-life wishes, and can provide peace of mind for both you and your loved ones.