Last Will and Testaments

When it comes to managing one’s life affairs, such as finances, property, and the care of children left behind, there are steps we can take to plan for the future. Creating a last will and testament is one way to ensure that our assets are distributed according to our wishes and that our families are cared for after our death.

At TrustHandled, we understand that it can be expensive and time-consuming to have a lawyer create one. That’s why our platform offers an efficient, cost-effective option to help secure the financial future of you and your loved ones.

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Why You Need a Will

Anyone with assets they want to distribute and those they want to provide for after their death should consider creating a will. This includes people of all ages, not just the elderly. Even if you don’t have a lot of assets, a will can still be beneficial in outlining how you want your property to be distributed and who you want to take care of your minor children. If you do not have a will, your assets will be distributed according to the specific laws in your state, which will not take your personal wishes into account. This can lead to family disputes and legal battles, and your loved ones may not receive the support and care you intended. 

Because wills are legally binding documents, they carry the legal weight necessary to ensure your final wishes will be honored. There are many reasons why everyone should create a last will and testament, regardless of their age, financial status, or life situation. Below is a list of some of the most vital reasons why you should consider creating a will:

  1. Distribute assets. One of the most important reasons to create a will is to ensure that your assets will be distributed according to your wishes. Creating a will lets you specify who should receive your property, possessions, business assets, and financial capital after you pass away. 
  2. Avoid family conflict. A will can help prevent family disputes by providing clear instructions on how you would like your assets to be distributed. This can save your loved ones much stress and emotional turmoil on top of the grief they are already experiencing.
  3. Prevent legal battles. Not having a last will and testament opens the door to legal challenges. This means time spent in court, which can be expensive and inconvenient for family members. With clear instructions in a will, there is less room for debate and less time spent on unnecessary courtroom battles.
  4. Choose a guardian for your children. If you have minor children, a will allows you to name a guardian for them in the event of your death. Without clearly specifying a guardian, a court-appointed guardian will be chosen to look after your children, which may not align with your wishes.
  5. Minimize estate taxes. A well-crafted will can help minimize estate taxes, which can help preserve your assets for your loved ones. For example, you can create trusts that transfer assets to your loved ones without incurring estate taxes. All of these details can be outlined in your last will and testament.
  6. Plan for your funeral. A will can also provide instructions on how you want your funeral handled. You can specify details such as the type of service you want, whether you want to be buried or cremated, and where you want your remains to be interred. This can help to reduce the burden on your loved ones during this difficult time.
  7. Protect your business. If you own a business, a will can help ensure it continues operating smoothly after your death. You can specify who should take over the business and how it should be managed. Alternatively, you can decide to sell the business and outline how you would like the proceeds distributed among your loved ones.
  8. Make charitable donations. One of the benefits of creating a will is the ability to make charitable donations to organizations that are important to you. Whether for a local nonprofit, a national charity, or a cause close to your heart, a will allows you to leave a lasting legacy and support the causes you care about most.
  9. Peace of mind. Finally, creating a will can provide peace of mind, knowing that you have taken the necessary steps to protect your family’s future. With a legally-binding document in place, you can rest assured that your loved ones will have a clear roadmap to follow, and your final wishes will be respected.

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What to Include in a Will

Creating a last will and testament is an important part of estate planning that everyone should consider. While creating a will may seem overwhelming, Trustbox will simplify it by breaking it down into manageable steps

Deciding what to include can be a highly personal and individualized process, but generally, wills should incorporate several key elements. Some of the most important ones are:

  1. General information. To properly identify a will, the document should start with important general information about the will’s creator, or “testator.” This includes your name, address, and the date the will was created. 
  2. Assets and property. Your will should provide a clear and detailed description of all of the assets and property you are leaving behind. This includes your home, rental properties and other real estate, vehicles, financial capital, bank accounts, and stocks and bonds. You may also include information about your personal property, such as jewelry, family heirlooms, furniture, computers, and other devices, and anything else of value.
  3. Executor. Your will should also name an executor, the individual responsible for carrying out your wishes after your death. This person should be someone you trust and who is willing and able to take on this duty.
  4. Beneficiaries. Your will should name the specific beneficiaries you want to receive your assets after passing. This can include family members, friends, charitable organizations, or other individuals or groups. Your will should then specify how your assets will be distributed among them.

6 Steps to Make a Will

Now that you know what should be included in your will, you may wonder how to start. Fortunately, creating a will is a relatively straightforward process with Trustbox:

  1. Answer some simple questions
    About your wishes for medical treatments in the event of an accident or illness that would leave you unable to communicate them yourself.
  2. You can choose who should make decisions on your behalf in these cases
    As well as list any specific instructions or requests related to your treatment, care, or other personal matters. As soon as this information is entered, our platform will generate your customized will document which can then be printed out and stored securely in our system.
  3. Our will document also includes
    Additional features such as a designated loved one access service that allows someone else to take over management of the document if needed, such as in the case of death or illness. With this service, a loved one can access, update and manage the will document quickly and easily on their behalf. Additionally, our platform also offers comprehensive data protection measures including encryption algorithms and secure storage protocols to ensure all documents remain private and confidential at all times.
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Why Should You Create & Store Your Last Will and Testament With TrustHandled?

We strive to provide an affordable service that keeps all documents organized and easily accessible 7 days a week, 24 hours a day. Trustbox offers competitive prices far lower than a lawyer would charge, meaning you can save money while ensuring all your important documents are in order.

Also, with our streamlined service, you no longer need to worry about tracking down a lawyer or navigating complex legal paperwork—we do the hard work for you.

TrustHandled is a comprehensive online platform that can take care of all your legal documentation needs, including creating your last will and testament. Our efficient and streamlined tool is structured in a way that makes writing your will simple, fast, and stress-free. With our step-by-step guide, you can save time and money by avoiding unnecessary lawyer fees and in-office meetings. Get started today by creating your personal TrustHandled account here. We will ensure that your documents are created with ease and without any mistakes so your wishes are outlined exactly how you desire.

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