Congratulations on completing your estate planning journey! Your carefully crafted will, trust, and power of attorney are ready to safeguard your wishes. But there’s one critical step left: where should you store these vital documents? Choosing the right location for your will is essential for ensuring that your estate plan is accessible when needed. Let’s explore the best places to store your will, each with its own set of pros and cons.

1. Storing Your Will at Home

Pros: Keeping your will at home is convenient and always accessible. A fireproof safe can add an extra layer of security, and you can keep an eye on your documents at all times.

Cons: Your home isn’t immune to risks like fire, flood, or theft. There’s also a chance family members might find the documents prematurely, leading to confusion or unnecessary worry.

2. Safe Deposit Box for Your Will

Pros: A safe deposit box offers a high level of security with multiple verification layers, protection from fire and flood, and the peace of mind knowing your documents are safe outside your home.

Cons: Access to a safe deposit box can be limited during bank hours or if the owner has passed away, potentially complicating matters for your loved ones. Annual fees and rules about box closures can also be drawbacks.

3. Online Storage Options for Estate Planning Documents

Pros: Online storage allows you to access your documents from anywhere with an internet connection. It’s easy to share them with your executor, and they’re safe from physical damage.

Cons: Cybersecurity risks are a concern, though reputable platforms offer strong encryption to protect your data. You’ll need to ensure your loved ones have the necessary credentials and tech skills to access your documents, and some probate courts may still require the original will.

4. Storing Your Will at Your Lawyer’s Office

Pros: Your lawyer already understands your documents and can easily assist your loved ones when the time comes. Secure storage and confidentiality are guaranteed.

Cons: Not all lawyers offer document storage services, and fees may apply. You’ll need to communicate with your lawyer about their retention policies to ensure your documents are safe for the long term.

5. Entrusting Your Will to Family and Friends (Use Caution)

Pros: A familiar face can make things easier for your loved ones, providing a personal touch to your estate plan.

Cons: There’s a risk of loss, damage, or unauthorized access. Family dynamics can complicate matters, and the possibility of mishandling or misplacing the documents should be a consideration. Be sure to choose someone you trust who is organized and responsible.

Choosing the Best Place to Store Your Will

The best storage option depends on your unique needs and priorities. Consider factors like convenience, security, and ease of access for your loved ones. Whatever you choose, clear communication about where your documents are stored and who should access them is essential.

Bonus Tip: Make copies! Keep an original at home, a copy at your lawyers, and consider sharing a digital copy with a trusted family member. Be sure to secure these copies properly.

Start Your Planning

We make the process simple and convenient! Start by booking a free 15-minute Estate Plan Chat. We’ll discuss your general goals, and see if we might be a good fit to work together.

Not ready for a chat but still want to learn more? Click here to download our free Estate Planning Checklist. 

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