Drafting a will is one of your most important responsibilities in life. It reduces the burden on your loved ones to deal with your estate financial matters. A will provides you with the authority to decide several things: who your personal representative (executor) will be to administer your estate; who your beneficiaries will be and what assets they will receive; as well as create trusts for children with disabilities, spouses, or aging parents. A will should not be considered a once-in-a-lifetime event but rather should reflect your current situation and be updated throughout your life as your circumstances change.