Writing and determining what goes into your will should be relatively easy and stress-free for most people. However, numerous aspects go into creating a will. Some of them are issues that you won't automatically remember to include. This essential guide discusses some of the top considerations when creating your will. Read on to learn more. 

Determine Your Assets

Which assets do you want to list on your will? Assets can be anything from personal possessions like cars and buildings to cash and insurance. When creating your will, consider this checklist to identify your assets: 

• Properties, including homes and buildings
• Investment accounts 
• Bank accounts 
• Cars and vehicles
• Land title deeds
• Insurance policies 
• Cash 

Assets might be in different locations besides your home. Because of this, it's imperative to identify these locations and how to access them before writing your will. 

Choose an Executor 

Selecting an executor is essential when writing your will. Ideally, an executor is a person named in your will as responsible for handling all affairs upon your demise. These responsibilities can be cumbersome for inexperienced individuals with little knowledge of handling legal and financial matters. A reliable executor will handle all the paperwork, document all assets, pay all debts and taxes, distribute assets and hold money in trust for under-aged beneficiaries. 

Cost Over Quality

The cost of hiring a professional to write your will might make you hesitate. But it would be wise not to compromise quality over cost. Writing a will is not something you want to do on your own. Soliciting help from a licensed and experienced will writer is prudent. Such an expert will guide you through the entire will writing process and help you avoid common errors and pitfalls. 

Naming a Guardian

Appointing a guardian is also paramount if your children are yet to reach adulthood at the time of your demise and you are the only surviving parent. If you fail to name a guardian in your will and die before your children turn 18, the court might appoint a suitable guardian to take care of them instead.

It takes a higher responsibility level to become a guardian. This role can involve significant expenses and commitment on the guardian's part. That means it's a factor you should consider when creating your will. When finding a suitable guardian, consider someone who conforms to your values and can offer a safe, stable, and loving environment for your children. 

Contact a law firm like Young and Muggleton to learn more.