Creating your first will can feel overwhelming. You might be wondering where to start, what to include, or whether you even need one yet. The truth is, if you have any assets or people you care about, a will is one of the most important documents you'll ever create.

As a Milford, CT estate law office, we help people navigate this process every day. Here are five essential things to understand before you get started.

1. You Have More to Leave Behind Than You Think

Many people assume they don't need a will because they "don't have much." But take a moment to add up your bank accounts, retirement funds, life insurance policies, car, personal belongings, and any real estate. You might be surprised by the total.

Even if your assets seem modest, without a will, state law decides who gets what. This might mean your belongings go to distant relatives instead of close friends, or your partner receives nothing if you're not legally married. A will ensures your wishes are followed, regardless of your net worth.

2. Choosing Your Executor Is Crucial

Your executor handles everything from paying final bills to distributing your assets. This person needs to be organized, trustworthy, and willing to take on significant responsibility during an already difficult time.

Choose someone who lives reasonably close to you, understands your values, and can handle potential family conflicts. It's also wise to name a backup executor in case your first choice can't serve. Don't forget to ask these people beforehand, as being an executor is a big commitment.

3. Guardianship Matters If You Have Minor Children

If you have children under 18, naming guardians in your will is absolutely critical. Without this designation, a court will decide who raises your children, and their choice might not align with your wishes.

Consider both immediate care and long-term stability when choosing guardians. The best caregivers might not be the best financial managers, so you can name different people to handle physical custody and manage any inheritance until your children reach adulthood.

4. Your Will Won't Control Everything

Many assets pass directly to beneficiaries regardless of what your will says. This includes retirement accounts, life insurance policies, bank accounts with payable-on-death designations, and jointly owned property.

Review all your beneficiary designations regularly and make sure they align with your will. A common mistake is forgetting to update these after major life changes like marriage, divorce, or having children. Your ex-spouse could end up with your 401(k) even if your will says otherwise.

5. Professional Help Saves Money and Stress

While online will templates exist, working with an experienced Milford estate lawyer ensures your document meets state requirements and addresses your unique situation. We can help you avoid common mistakes that could invalidate your will or create family conflicts later.

Professional estate planning guidance is especially important if you have a blended family, own a business, have significant assets, or anticipate any family disputes. The cost of proper legal help upfront is minimal compared to the problems a flawed will can create.

Getting Started

Creating your first will doesn't have to be complicated, but it should be done right. Start by making a list of your assets, thinking about who you want to inherit them, and considering who you'd trust to carry out your wishes.

Remember, a will isn't a one-time document. You'll want to review and update it after major life events like marriage, divorce, having children, or acquiring significant assets.

If you're ready to create your first will or have questions about the process, we invite you to schedule a consultation with our Milford estate law office by calling 203-877-7511. We'll walk you through each step and ensure your will properly protects your loved ones and reflects your wishes.

‍