According to a recent survey, more than half of American adults don’t have estate planning documents such as a will or living trust. The most common reason for people to delay this incredibly important task is the misconception that they’re too young. As a soldier, no one better understands the unpredictability of life than you. Take another step in protecting your family by creating a will and keeping it updated.
How to create a will
In Florida, you are free to create your own simple will using various online programs. For a will to be official, however, you and two witnesses must properly sign a copy. A will does not need notarization in the state of Florida, but if you take that additional step, it becomes self-proving: ensuring a faster probate process for your loved ones when the time comes.
What goes in a will
- Asset distribution
- Property distribution
- Naming of an executor
When to update a will
Your will should mirror your life. As life changes, so should your will. Here are some common life events that should spur you to revisit your will.
- Who you name in your will. As life moves along, people come and go from our lives. Make sure your will reflects all the right people.
- Your finances. If your finances change, for the better or worse, you want to update your will.
- You move. Laws about wills vary state by state. If you move states after creating your will, you would be wise to ensure its validity.
As someone unintimidated by major life decisions, get your estate plan in order sooner than later. It’s one more way that you can protect your loved ones.