In continuation of our look at estate planning, let’s discuss what I like to call the W’s in Your Will. 

Do you remember learning about the “W” questions in school?  They are Who, What, When, Where, Why, and How. 

We ask these questions frequently throughout our lives.  Who should I marry?  What should I study in university?  When can I retire?  Where do babies come from?  Why is my car making that noise?  How did I get so old? 

The “W” questions are particularly important when it comes to your will.  Specifically:

Who will I leave my assets to?

What will I leave for the people I love?

When should I have a will?

Where should I keep my will?

Why am I making these decisions? 

How often should I update my will? 

Getting the answers to these questions can really demystify the entire process of creating a will.  It can reduce uncertainty, create fairness and balance, and most of all, ensure that your loved ones will be financially taken care of in the future. 

So, ask yourself each of these questions.  If you don’t know the answers, we can help you determine them.  If you do know the answers, the next step is to make sure your will actually reflects them.