How to Make a Will
To do a will, the following basic elements are necessary to know:
- What do you have to give? – a list of your assets
- Who do you want to give them to? – the beneficiaries of your will
- Who will carry out your wishes once you are gone? – Your executor.
Additional Steps in Your Planning (see link below) includes dealing with your automobile, your bank accounts, your Advance Health Care Directive, and your Durable Power of Attorney.
Listed below are links to some of the basic information you will need to do your will. This information includes facts about wills, the brochure A Guide to Planning Your Will, bequest language to use and how to assign IRA and Life Insurance beneficiaries.
Having this information will allow you to complete your planning more easily.
Will Fact Sheet
A Will is a way to state legally how you would like to dispose of your assets such as cash, stocks, bonds, real estate, and other personal items. This may be done either by assigning a specific amount or a percentage, of your estate to the individuals and organizations you would like to support.
A Bequest is a gift of personal property given through a Will and can include cash, stocks, bonds, real estate and other personal property. Integral Yoga Institute New York handles bequests from those who would like to support the mission of Sri Swami Satchidananda through Integral Yoga Institute New York.
A Will should be handled by a lawyer to be assured that it is legally valid.
A Will should be kept up-to-date and should be amended as your life circumstances change.
A Will should be safely stored. There can only be one original of your will, which can be kept either at your lawyers’ office, by your executor, at home or in a bank safety deposit box. Those close to you should know the location of your Will. Only the original of your will is a valid legal document.
Please let us know if you have questions. We would be happy to hear from you