Family Will: How to Create Your Last Will and Testament in 6 Easy Steps

February 4, 2021

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A few years ago, Nicole and I finally completed our family will. We procrastinated for the better part of two years because we were binge-watching Game of Thrones and House of Cards. Excuses yes, but these were some epic shows!

Nevertheless, when we kept seeing people dying over and over again on these shows, it was a wake-up call that life is short! Thanks to these morbid shows (and the fact that we love each other and want to take care of our kids), we completed our family will right away.  

To show you that this very important task can be easily done, I’ve listed out the 6 steps that Nicole and I followed to get the family will prepared, signed, and stored.  

1. Answer Some Important Questions Together With Your Spouse

In marriage, communication is the key to success. The same goes for preparing your family will. With that spirit in mind, block out 30 minutes to chat with your spouse and answer the following questions together:

If we both die, who do we want as the executor of our family will?  

The executor of your family will is the person who will manage your assets and the plan you set forth in your documents. Choose someone that you trust and that you know will ensure your wishes are seen through.  

Who do we want to be the guardian of our kids if we both die?  

When making your decision, consider the age, health and location of the family members you are contemplating.  If you’d really like your kids to live with your brother, but he lives across the country, is that best for your children? It may be. It may not be.

What special arrangements do we want to have to celebrate our lives?  

For example, this could include donations to certain charities, leaving gifts to family members, and whether or not you want to be cremated or buried in a Superman costume.

Nicole and I both plan to use The Living Urn and become a living memory in the form of a tree after we die. That may sound weird to some, but who wants to be normal really? And we're dead so …  

Related Article: Why You Need a Trust to Protect Your Family

2. Talk to the People You've Designated and Let Them Know

family talk over coffee

You don’t want the “will discovery” to be a big dramatic movie when you die.  Make sure your chosen executor knows that you want them in this role and make sure they are okay with it.    

Regarding being the caretaker of your kids, this is especially important to talk with this chosen family member or friend to ensure they are up for the responsibility if the situation arises. You don't want this to be a surprise.

3. Choose a Family Will Creation Service That Works Best for You

If you feel like you have a fairly straightforward family and money situation, an online will can work for you. Online will creation services like Trust & Will carry the same legal weight as consulting with an attorney as long as the will complies with state laws. Make sure you choose your specific state when developing a will online.

If you have been divorced, have children from other marriages, have property in other states or own a business, consider seeking out a trusted lawyer who can help you draft your will.

Related Article: Trust & Will Review: Create a Will Online to Protect Your Family

4. Find a Notary and Two Witnesses

The notary will be a person who is licensed to witness you and your spouse signing the will. Our local UPS Store had notary services which were super convenient for Nicole and me.

If you don’t have a UPS Store near you, check out the Notary Rotary. Not only does it have a super slick rhyming name, but it will also help you find a local notary near you just by entering your zip code.

For your witnesses, this can be anyone who is over 18, provides their contact information, and is willing to spend five minutes with you watching you sign the documents. We were able to snag two kind witnesses that were already at the UPS Store buying some overpriced packing tape and boxes.    

It is smart to choose witnesses that aren’t going to inherit anything in your will. This keeps the situation clean, tidy and drama-free.  

5. Store Your Completed Family Will in a Safe Place

Keep your will in a place that is away from light, heat, and humidity. You could consider a filing cabinet that is lockable, a fireproof safe or even a safety deposit box at your local bank.

If you have consulted with a lawyer, have them keep a copy safe for you.  

Whatever you choose, the most important thing is to ensure your executor knows where the family will is located. If your will isn’t found, it could be a difficult situation for your children or others named in your will as beneficiaries. And if you move your will or if you move houses, make sure your executor knows where to find it.  

6. Review Annually and Update it Accordingly

Set a calendar reminder (Google Calendar, iCalendar, etc) to review your will annually to ensure it still reflects your current wishes. Have a quick discussion with your spouse about how your will reads and make sure you are both still in agreement with all of the details.  

Every year comes with new excitement and change. Who knows? You may have had another child to add to your will.

Final Thoughts: How to Create Your Family Will in 6 Steps

We honestly never know what tomorrow will bring. Having a will in place will ensure your family is protected and it will reduce the amount of stress during an already stressful time.

If you haven't done so and you have a fairly straightforward situation, start the process today. You'll feel better when it's all taken care of. Nicole and I sure did!

Have you made progress on developing your family will?

Please let us know in the comments below.

Andy Hill

Andy Hill, AFC® is the award-winning family finance coach behind Marriage Kids and Money - a platform dedicated to helping families build wealth and happiness. With millions of podcast downloads and video views, Andy’s message of family financial empowerment has resonated with listeners, readers and viewers across the world. When he's not "talking money", Andy enjoys being a Soccer Dad, singing karaoke with his wife and relaxing on his hammock.


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