Table of Contents
Table of Contents
Introduction
Drawing up a will is an essential but often overlooked aspect of estate planning. It ensures that your assets are distributed according to your wishes after your death. However, many people shy away from creating a will because of the perceived high cost of hiring a lawyer. The good news is that you can draw up your will for free in 2023. In this article, we'll guide you through the process of creating a will without spending a dime.Why You Need a Will
A will is a legal document that outlines how your property and assets will be distributed after your death. Without a will, the state will decide how your assets will be distributed, and your loved ones may not receive what you intended for them. A will also allows you to appoint guardians for your children and name an executor to manage your estate.How to Draw Up a Will for Free
Here are the steps to follow when creating a will for free:Step 1: Decide How You Want Your Assets to Be Distributed
Before you start drafting your will, you need to decide how you want your assets to be distributed. Make a list of all your assets, including bank accounts, investments, and real estate. Then, decide who you want to inherit each asset and in what proportion.Step 2: Choose an Online Will-Making Tool
There are several online will-making tools that you can use to create a will for free. These tools use simple questionnaires to guide you through the process of creating a will. Some popular options include:- FreeWill
- DoYourOwnWill
- LawDepot
