Most of us know that we should take the time to prepare a last will and testament, but all too few of us actually get around to creating this important legal document. The reasons for this procrastination are many. Sometimes young people may feel that they are invulnerable and therefore do not need a will. Young workers may feel that they have not yet accumulated enough assets to warrant a formal will. And many older people may put off the creation of a last will and testament because the subject is morbid.

No matter what the reasons for procrastination it is important to overcome them. Putting off this important task does nothing except put your family at risk and postpone the inevitable day of reckoning. Fortunately there are a number of things you can do to make this admittedly unpleasant task a great deal easier. By preparing well you can take a lot of the pain and hassle out of creating a last will and testament while providing your loved ones with the legal and financial protection they will need in the event of your untimely death.

Make It a Family Affair

Having a family meeting about the creation of a will may not be the most pleasant thing in the world, but it is one of the most important. Gathering the family together to talk about the creation of a will is important, and keeping the lines of communication open during the process is just as important.

It is not necessary to involve young children in this process, and many parents will not wish to share financial details with their older kids, but it is a good idea to have age appropriate conversations with children who are mature enough to deal with such matters.

Adult children should definitely be part of this important discussion, especially since one of the adult children is likely to be named as the executor of the estate. This may also be a good time for parents to discuss their children's situations and prod them to create wills of their own if they have not already done so.

Have a Serious Discussion

Now is also a great time to hold serious discussions about delicate issues such as the choice of guardianship for the children and the choice for executor of the estate. No matter who is ultimately chosen it is essential to make sure that:

a. They want the responsibility
b. They are capable of handling the responsibility

When choosing an executor for the estate it is vital to choose someone who is mature and responsible, since that individual will be charged with the task of handling all the details of the estate. These duties will vary from estate to estate, but this person may be asked to look after any real estate and make prudent investment decisions with the funds your heirs will inherent.

Choosing a mature and responsible person is even more essential when it comes to naming a guardian for your minor children. It is essential that the person you choose have a genuine desire to raise the children in the event of your demise, so serious discussions are definitely in order here. This can be a difficult subject to broach, but it is certainly a discussion worth having.

Only after you have completed this planning should you sit down and actually start planning your will. Taking these preliminary steps will make the process of creating your last will and testament much easier and considerably less stressful.