Here are the basic elements generally included in a will:

• Your name and place of residence
• A brief description of your assets
• Names of spouse, children and other beneficiaries, such as charities or friends
• Alternate beneficiaries, in the event a beneficiary dies before you do
• Specific gifts, such as an auto or residence
• Establishment of trusts, if desired
• Cancellation of debts owed to you, if desired
• Name of an executor to manage the estate
• Name of a guardian for minor children
• Name of an alternative guardian, in the event your first choice is unable or unwilling to act
• Your signature
• Witnesses' signatures

Two of the most important items included in your will are naming a guardian for minor children and naming an executor.