If you don't have a will, do this now. Here's what you need to do:
Go to a lawyer, or use an online template at Legalzoom.com (starting at $70) or software such as Quicken WillMaker Plus ($45). YouÕll need two witnesses, neither of whom can be a beneficiary.
Divvy up your assets. Leave out property you share as a joint tenant and assets with named beneficiaries.
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Choose your heirs. Be specific about who you want to include -- or exclude. Remember, you can't disinherit a spouse.
Appoint an executor, perhaps a family member or trusted friend. First ask whether he or she is willing to take on the job, and name an alternate.
Designate a guardian for children under 18. Minors need a legally appointed caregiver.
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