Making out your Will is only the first step to having a solid estate plan. In addition to keeping it updating, you also want to make sure you store your Will is a place that is both accessible to your family and well-protected. Here’s a few ideas to help you out.
In a Safe-Deposit Box
This option is popular because the Will is accessible by the maker, and it is kept under lock and key in a fire-proof safe. A loved one simply needs to know which bank and the location of the key get access to the Will upon your passing. You should also add your spouse or other loved one to the account as an authorized party so that there are no delays in accessing the box when it’s needed.
With the Your Attorney
Attorneys who draft your Will offer to store the Will at no charge. This absolutely safeguards against any parties attempting to destroy a non-favorable Will. It also provides a secure and fire proof location and permits timely access upon your death. You should notify your loved ones where the Will is stored and should note that on your confirmed copy of the Will.
Still the most popular option, this can also be the least desirable choice unless the Will is kept in a fire-proof and locked safe or filing cabinet. In addition, remember that this makes it easier for others to access as well so persons that you may have never wanted to see the Will may find and read it.
Of course, this is just a small list of places to store your Will. Just remember to notify your family members of its whereabouts so that they can easily access it after you’re gone.
Latest posts by Roger Levine, Estate Planning Attorney (see all)
- Elder Law Questions to Address With Your Parents - April 22, 2019
- 5 Times to Contact an Estate Planning Attorney - May 23, 2018
- Is Your Child or Grandchild Enrolled in College this Fall? - May 21, 2018