3 ways to store your last Will

Although some people find the prospect of writing a last will both morbid and confronting, the reality is that taking this step is necessary if you want to bequeath your worldly possessions to your loved ones in a particular way. As a legally binding document, a will can also prevent confusion and dispute, making things that little bit easier for all parties concerned. So, once you have written your will, what do you do with it? Where do you keep it? Read on to discover three common storage options – which one will you choose?

In a Safe Deposit Box

One of the most popular methods of storage for confidential items such as a will is the humble safe deposit box. Although renting a safety deposit box with your bank ensures a high level of security, it does not afford a great deal of convenience when it comes to access. The terms and conditions regarding when and how the box can be opened will differ from institution to institution, but the result could be a long, drawn-out legal process for your friends and/or family. If you choose this option, make sure that you do your research on any restrictions or opt for joint ownership if this is an available selection. Also, inform trusted individuals of the box’s location.

For the other two tips on how to store your Will, check out the link below: