Sunday, December 27, 2009

Making a will: Where do you start? What kind of information does your lawyer need you to provide?

How do you choose a lawyer?Making a will: Where do you start? What kind of information does your lawyer need you to provide?
A very inexpensive way would be to visit your Staples or Office Depot and get a ';Make a Will'; package. I'm sure it will give you the information needed to answer your questions.





Have you done a search on the internet? Another possibility for you.Making a will: Where do you start? What kind of information does your lawyer need you to provide?
Referrals are the best way to choose an estate planning attorney. If you don't have them from friends or family, check with your financial advisor.





You will need to provide a list of all assets, real and financial (you don't need to get ridiculous here unless you are leaving specific items to individuals - a net worth statement should include all relevant information). Names of beneficiaries and current information for them (addresses, phone numbers). Who your executor will be.
Your marital or cohabiting status , including any previous marriages;


any other dependants - number of children, parents, siblings or anyone else for whom you have assumed responsibility; what their needs are and whether any of them have disabilities;


The amount of your estate and likelihood of any substantial changes (e.g. inheritance, pending bankruptcy); any assets abroad or tied up in a trust;


Who you want to act as executors and whether those people get on with each other as they will have to work closely together;


Who you want to act as guardian(s) for any children you may have;


Who you want to inherit your home and money; whether there are any other assets that you want to give to someone;


Who you want to give that stuff to if those you have chosen die before you;





You can find a solicitor by word of mouth, or ring up the Law Society or Citizens Advice Bureau both of whom have details of solicitors who specialize in that area of law, and where they practise so that you don't need to travel too far. If you are in USA there must be similar organizsations who would have that information
talk to a few probate lawyers and get a feel for them.





SImple legal process unless you are a legal millionaire





Give him a list of your assets, and a list of what you want bequethed and to who; and a list of your relatives who will and won't be included

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