You’ve already gathered all the details from previous actions to create your living will or trust.
Make sure you register your will
This document is ready. However, to make it legally valid, you must sign it in your own handwriting. There may be a requirement to sign your will in several states before it can become legally valid. Additionally, the witnesses must not be beneficiaries of your will, and they must have at minimum 18 years of age.
Witnesses are the ones who are there to support you after your time has come up. Witnesses may be asked to testify in situations when your personal will is challenged in court.
Transfer Assets to Yourself as Trustee
The trust must ensure that the living will works through the transfer of ownership to the trust. You will need to modify the title deed in order to demonstrate that land belongs to trust.
Save Your Will in Safe Place
This step is the most important in our series of steps on how to make the trust and living will. Like any other important document, you should store the will in a secure location. You could store it in the trust attorney’s office.
The documents like titles, passwords, intellectual properties, as well as life insurance policy papers are required to be included in the will. It will be easier for the executor of your will to find all the important documents that you have left behind. Let someone that you know like your successor know where your documents are as well as who can access them.
Your Will Needs to Be Current
You should update your will when you experience a life-altering event such as becoming married with a new baby and buying a home divorce, a new boat sale, moving to the state of your choice, or the death of the person who was involved.
Many people put off making arrangements for the future until it’s too tardy. Most people view living wills and trusts to serve as a way to protect the family.