Having a will is one of the most important things in life, no matter your age, marital situation or if you have children. All adults beginning at the age of 18 should have some form of will. If you want to wait, it's best that you wait no longer than graduating from college. Today, we will discuss what not to include in your will when you sit down to create it with a family law attorney.
You should never include joint tenancy property when creating a will. When you have joint tenancy already in place, it will leave your property to the joint tenant upon your death. For this reason, you do not need to include a provision such as this in your will.
Any life insurance policy that you have in your name does not have to be included in your will if the policy already names beneficiaries. The proceeds of the policy will be automatically distributed to the beneficiaries named on the policy upon your death.
If you want to avoid probate, and you do, it's best to create a living trust. Property that you put into a living trust does not have to be listed in your will. Property that is named in your will is subject to probate.
Don't put your funeral instructions in your will. A will won't be read until after your funeral services, so loved ones won't know your wishes when they need to the most. Create a separate document that outlines your final wishes and share it with your family.
Are you ready to create a will in Jackson, New Jersey? It's best to do so with an experienced attorney who can answer all of your questions and ensure that your will is constructed properly so it protects you and your family upon your death.