All Ohio citizens should have a will constructed. This will help to determine who gets what assets upon your death so that the state is not determining what happens to your things. However, it’s vital that you avoid some of the most common mistakes that people make when constructing their wills.
Choosing the wrong executor
Wills and probate paperwork require that you choose an executor for your will. This person is in charge of ensuring that all of the wishes in your will are executed properly after your passing. When choosing an executor, it’s vital that you pick someone who will follow through with your wishes. This shouldn’t be someone who clashes with others.
Not dealing with your personal stuff
When many people sit down to write a will, they immediately think about their big assets. Things like their house, their car and retirement accounts. Unfortunately, many people skip over their small personal items. It’s important to have a designated plan of what’s going to happen to all of your personal belongings in the event of your death.
Lack of specificity
You need to remember that you’re not going to be around to explain the specific conditions that you have in your will. It needs to be black and white so that there are no complications regarding your beneficiaries and other survivors. For example, if you want to give your diamond ring to your daughter, you need to specify what diamond ring that is if you have more than one. Also, be careful with how you put names in your will. If you have multiple Kates in the family, then you need to specify which Kate is to be given a particular asset.
Every adult needs to sit down and write their will to ensure that those who survive them understand what to do with their possessions. Each will should be updated every three to five years or when a major life change happens. Be sure to take your time and avoid the common mistakes above to ensure that your will can be properly executed upon your passing.