Creating a will can be a daunting task. During this process, you need to make some serious decisions about what you may be leaving behind.
By considering all your assets and making clear plans for where they should go, you make it easier for your executor to handle the estate and eliminate financial stress for beneficiaries.
Here are some things you should include when putting this important document together.
Get instant access to hundreds of discounts
Over 50? Join AARP today— because if you’re not a member you could be missing out on huge perks like discounts on travel, dining, and even prescriptions.
Get 25% off membership — just $15 for your first year with auto-renewal — and a free gift if you join today.
Names of your executor and beneficiaries
Among the most important aspects of your will is who will execute your wishes, and who will benefit by receiving your assets.
Name an executor you can trust to handle the responsibility of dealing with your estate. Choose the beneficiaries you want to get ahead financially thanks to your lifetime of hard work.
Names of guardians
Parents have to make the difficult decision of who should be responsible for their minor children in the event of the parents' deaths.
Name the person or people you want to care for your children. For parents, no decision is more important than this one.
Bank accounts and other savings
List all your banks, investment firms and other financial institutions where you keep savings. This should include details about everything from savings accounts to money market accounts and certificates of deposit.
Keep in mind that legally, the beneficiaries you name as part of your individual accounts supersede whatever you state in your will. But it's still a good idea to list savings in the will.
Resolve $10,000 or more of your debt
National Debt Relief could help you resolve your credit card debt with an affordable plan that works for you. Just tell them your situation, then find out your debt relief options.1 <p>Clients who complete the program and settle all debts typically save around 45% before fees or 20% including fees over 24–48 months, based on enrolled debts. Not all debts are eligible, and results vary as not all clients complete the program due to factors like insufficient savings. We do not guarantee specific debt reductions or timelines, nor do we assume debt, make payments to creditors, or offer legal, tax, bankruptcy, or credit repair services. Consult a tax professional or attorney as needed. Services are not available in all states. Participation may adversely affect your credit rating or score. Nonpayment of debt may result in increased finance and other charges, collection efforts, or litigation. Read all program materials before enrolling. National Debt Relief’s fees are based on a percentage of enrolled debt. All communications may be recorded or monitored for quality assurance. In certain states, additional disclosures and licensing apply. © 2009–2025 National Debt Relief LLC. National Debt Relief (NMLS #1250950, CA CFL Lic. No. 60DBO-70443) is located at 180 Maiden Lane, 28th Floor, New York, NY 10038. All rights reserved. <b><a href="https://www.nationaldebtrelief.com/licenses/">Click here</a></b> for additional state-specific disclosures and licensing information.</p>
Sign up for a free debt assessment here.
Real estate properties
List all of your real estate properties in your will.
The list should include your primary home as well as rental properties, vacation homes, land you own, or any other real estate properties you own by yourself or jointly with someone else, such as a spouse or business partner.
You can also detail plans for the real estate, such as who should get each property after you are gone.
Investments
Retirement accounts and brokerage accounts will need to go to someone else when you die. Decide who should get these assets and add the information to your will.
Once again, it's important to note that the beneficiaries you name as part of these accounts generally will supersede anything in the will.
Check with your financial institutions to get details on how to name beneficiaries to those accounts and review them from time to time in case they need to be updated.
Debts
Unfortunately, your executor may have to account for debts you accrued throughout your lifetime. So, list debts in your will.
Think about debts tied to credit cards, student loans, car loans, mortgages, or other loans.
Digital assets
Decide who should have access to your digital photos, documents, email accounts, social media accounts, and more.
You also may want to consider signing up for a secure online platform such as a digital vault and deciding who will have access to it.
Businesses
If you own a business, include it in your will.
You can help your heirs — and the people who will take over your business — by including information such as founding documents, insurance information, business accounts, and financial information.
Pets
Make sure your furry friends are also taken care of by choosing a guardian for pets.
You may want to include instructions for how to care for pets when you are gone. Or maybe you want to provide money and other assets to the guardian to help them care for your animals.
Earn $200 cash rewards bonus with this incredible card
The Wells Fargo Active Cash® Card(Rates and fees) has no annual fee and you can earn $200 cash rewards bonus after spending $500 in purchases in the first 3 months.
Cardholders can also earn unlimited 2% cash rewards on purchases.
The best part? There's no annual fee.
Personal items
We all have personal items that hold sentimental value and that we hope to give to specific people when we die.
Consider family heirlooms and jewelry, as well as things such as furniture, books, and even your vehicles.
Bottom line
A will can give you peace of mind and help you avoid financial mistakes so your survivors won't have to deal with hassles when you are gone.
So, educate yourself about wills and find a good attorney who can help you work through the process.
Up To 5% Cash Back
Benefits Card Details on Discover’s secure website Intro Offer
Discover will match all the cash back you’ve earned at the end of your first year.
Annual Fee $0 Why we like it
The Discover it® Cash Back is ideal for anyone who loves flexible rewards options.
Cardholders can redeem their cash back for any amount.
Earn 5% cash back on rotating bonus categories up to the quarterly maximum when you activate, along with 1% cash back on all purchases. Categories may include places like gas stations, grocery stores, restaurants, and more.
FinanceBuzz writers and editors score cards based on a number of objective features as well as our expert editorial assessment.
Our partners do not influence how we rate products.
Subscribe Today
Learn how to make an extra $200
Get vetted side hustles and proven ways to earn extra cash sent to your inbox.