If you’re like most people, you aren’t eager to spend time thinking about what would happen if you became unable to direct your own medical care because of illness, an accident, or advanced age. However, if you don’t do at least a little bit of planning — writing down your wishes about the kinds of […]
Day 22
Will and Trust
Welcome to Day 22!
Today you will compile details regarding your Will and Trust (if you have one).
If you have the Yup I’m Dead…Now What? Book, you can find it in Chapter 25.
In Chapter 25, you will document important information about your will. If you have made other estate planning documents, such as a living trust, other trusts, or marital property agreements, you will list those here as well.
Almost everyone needs a Will to be sure that property passes the way they would like it to after they depart. If you have already made a Will or other estate planning documents, you may wish to document the details, location of documents, and move on.
In this sections, you should list all key estate planning documents. You will list the following:
- Document Title: This could be as simple as “Will” or “Living Trust”.
- Date Prepared: Indicate the date you signed the document.
- Professional Help: Indicate whether you had professional help such as an attorney, paralegal or CPA.
- Professional’s Contact Info: Contact info for the Professional that helped you prepare the item.
- Location of Original: Indicate where your Survivors can find the signed, original copy, with a copy included in your Important Documents File. (Most suggest a home security box.)
- Location of Copies of this Document: List names of anyone who has a copy and place where you’ve filed a copy.
- Executor or Trustee: Fill in the name of the Executor of your Will or the Trustee of your Trust (if you’ve made one). Also include names of Alternates.
- Additional Notes: Add anything here you feel your Survivors would like to know about the document. This can include items such as: I prepared my own Will using LegalZoom, and please be sure to read my Letter of Wishes which offers my thoughts and reasons regarding my Wishes and reasons for doing so.
Resources:
- What is a Will?
- Do you Need a Will?
- What Happens if You Don’t Leave a Will?
- What if You Die Without a Will?
- Writing a Will Your Options
Looking for a DIY option? Read Making a Will Online: 3 DIY Options
Yes, we realize this is a lot to cram into a 30 day period. However, staying organized and on track is key. You can always go back and revise or add. But staying focused and on track is key to maintaining the momentum to get your crap together, so your Family won’t have to!
