Most people think that only elderly or seriously ill individuals need a will. In reality, every adult should have one of these documents in place. It helps protect loved ones and assets and ensures your estate is managed according to your preferences. If you're unsure where to start, here's how to prepare a will.

How to Write a Will

1. Decide on Property to Include

Start by making a list of all your significant assets. These typically include money held in various financial accounts, real estate, vehicles, valuable personal items, and family heirlooms. If you're married, your spouse should write a separate will. If you jointly own assets with a spouse, you can only bequeath your share of ownership in those properties.

2. Choose Beneficiaries, an Executor, and Guardians

You should determine who should inherit each asset and choose alternate beneficiaries for each item if the first options predecease you. Then, select an executor to manage the resolution of the estate. 

The executor should be someone you trust to handle the legal and financial aspects of the estate. They will open a probate case with the courts, oversee the distribution of assets, notify creditors, and pay any remaining debts or taxes.

If you have minor or dependent adult children, you will also want to appoint a guardian for these individuals. Discuss your intentions beforehand with both executors and guardians to confirm that they are willing to take on the roles you wish to assign them.

3. Sign the Document

In some states, such as Hawaii, a will must be signed to be legally enforceable. It must be done in the presence of two witnesses, who need to sign the document as well. Neglecting this step can invalidate the entire will. Witnesses should be over 18 years old and not be beneficiaries of your estate.

No matter where you're at in the process of writing a will, a lawyer will offer professional guidance and support. The Law Offices of Neil T. Nakamura & Associates has been serving residents throughout Honolulu, HI, for more than 40 years. They provide legal assistance in estate law matters, helping clients ensure their wills are written correctly. Call (808) 945-7645 to schedule a consultation, and visit them online to explore their services in more detail.