Funeral Home Checklist For Will Writing
Having a will is very important and any one of the funeral homes in Charleston, IL will tell you as much. While representatives emphasize that planning final services in advance can be very important to your family, putting a will into place is even more important. Once a funeral takes place, properties and assets are distributed among family. IF you have a will, you get to decide who gets what. If not, the estate goes into probate and the judge splits things up, most likely in a delayed manner. To avoid that, get a will drawn up by a lawyer sooner rather than later. No matter how young and healthy you are, it’s never too easy to be prepared. Here are a few things to include:
One of the things you will list and designate is any property you own. You will bequeath that to a family member after you are gone. If your house is not paid for, that person could take over the mortgage and move in or they could sell the home and take the equity from it. You might have other property as well and you get to decide what happens to all of it.
Your Bank Accounts
You probably have some kind of financial holdings, either in the bank, within investment accounts, life insurance policies, trusts, and more. You can hand those all off to one person or you can break them down into percentages to be split among several people. If there’s a specific account you’d like to have cover your debts or your final services, you can list that as well.
When you write up the will, you will have to choose who takes what. Those are called the beneficiaries. Often, they are immediate family members, but you can include friends, organizations, and many others as beneficiary. If you have just one, it’s simple enough to say they get everything to do with as they choose. When you are breaking things up among many, you will have to state how the assets get distributed and who gets what and how much.
Pick An Executor
You will also need an executor of your will, or someone who will handle the estate after you pass on and will pass things off to the people you indicate within the will. They will distribute your assets to the beneficiaries and should be someone you trust without question.
If you have other questions about wills, the representatives at funeral homes in Charleston, IL can answer some of them or direct you to attorneys in town who deal with these sorts of issues. The professionals at Mitchell-Jerdan Funeral Home Ltd. are also here if you want to go over final service plans in advance once you have your will in place. You can call us at (217) 234-8828 with questions about service options or to set up a time to meet in person. We’re located at 1200 Wabash Ave Mattoon, IL 61938 and we’re here to help.