As an Illinois resident, it is important to have a will in place to ensure your final wishes are carried out after your demise. Unfortunately, most people put off drafting a will until it’s too late, leaving their loved ones to grapple with the legal system. In this blog post, we’ll go through the necessary steps of drafting a will in Illinois, so you can have a clear understanding of the process.

The executor is the person who is tasked with carrying out the terms of the will. You should choose someone who is trustworthy and willing to take on the responsibility. If you fail to name an executor, the court will have to appoint one for you.

Make a list of everything you own, including bank accounts, property, and investments. This list will help you determine how to distribute your assets after your demise. Note that any assets that are jointly owned will pass automatically to the joint owner after your death.

Your beneficiaries are the individuals or institutions who will inherit your assets. You can distribute your assets according to specific percentages or leave specific items or sums to individual beneficiaries. Note that any assets you have transferred to a trust will pass according to the trust’s terms and conditions.

After you have chosen your executor, made a list of your assets, and determined your beneficiaries, it’s time to draft your will. You can either do it yourself or seek the services of an attorney. Make sure you include all the necessary information, sign and date the document, and have it witnessed and signed by two witnesses.

Your life circumstances may change over time, so your will should be updated regularly. Changes to your circumstances, such as marriage, divorce, or the birth of a child, may require changes to your will. Make sure you keep your will up to date to ensure your final wishes are carried out.

Drafting a will is an essential part of estate planning for Illinois residents. It ensures that your assets are distributed according to your wishes, and your loved ones are taken care of when you’re no longer around. By following the steps outlined in this blog post, you will be well on your way to ensuring that your final wishes are carried out. Remember that your will should always be kept up to date, to reflect changes in your life circumstances, and to ensure that it is legally enforceable.