Tips for Creating a Will That Truly Meets Your Wishes
A will legally states your wishes regarding the disposal of your estate after death. Your will contains the names of your heirs and the proportion of your estate assigned to them. However, the will can also include other specific details to avoid confusion and ensure that the executor meets your wishes. This piece provides tips for creating a will that truly reflects your wishes.
Guardianship of Minor Children
Your children are a priority when writing a will, especially the minors. Children below the legal age cannot take care of themselves in financial, educational, social and personal matters. Therefore, ensure you include a guardian or several people such as parents, siblings or close friends. These people care for your children in all ways stated in your will or legal guardianship provisions.
Cherished Items
The first possessions that most people include in the will are the most valuable ones. After allocating such items to your beneficiaries, ensure you assign the others that have sentimental value. For example, you can designate an heir for the family's jewellery, artwork, photographs and heirlooms. Catering for such items ensures continuity in the family traditions.
Charitable Donations
Charities are a great way to give back to society. However, charities cannot receive anything from your estate unless you put it in your will. Therefore, you can state the beneficiaries by including names of charities in your will and the proportion of your estate they receive.
Digital Legacy
Your digital legacy is an essential aspect of your life. Therefore, ensure you include details about the running of online profiles, social media accounts and websites. You can speak to an estate lawyer and request information regarding the best ways to handle your digital legacy. For example, your website is a valuable platform for recording your history and autobiography. Websites rarely go down, and therefore they act as a method of storing family history. You can also designate people to handle social media pages and websites of businesses that you own.
Your digital assets might also include currencies such as cryptocurrency. If you do not have such items stored in a drive, you can include details of your digital wallets in the will. Your estate attorney can advise you on the best way to protect the digital currency and disburse it to your beneficiaries through the will.
A will should include details about the guardianship of minors, distribution of cherished items, your donations to charitable organizations and preservation of your digital legacy.
For more information on wills, contact a professional near you.
Share