Dying without a Will often leads to court battles between family members as people fight on who to take care of the children and who to inherit the properties left by the deceased. It is advisable to avoid all that drama by writing a legally valid Will while one is still alive. The document will ensure that your wishes are obeyed and the right individuals inherit your properties. Below is what you should include in your Will:
Include the guardian to your minor children. Naming a guardian is of particular importance if one is not married or their spouse has already passed on. With no designated guardian, the custody of the children will be given to any of the close relatives. Sadly, the relative may be one who you never wanted to bring up your kids. Some of such relatives would only want to take care of your children because of the financial packages and properties that come with it. It is, therefore, important to ensure you include the guardian you trust can do the best job of raising your kids in your Will. Ensure also that you discuss with the individual before adding him or her to the Will to avoid surprises in the event of your death.
2. Heirs to your assets
Inheritance of deceased’s properties can be complicated when substantial assets are involved. A Will provides one with the opportunity to smoothen the process by listing all their assets and their corresponding heirs. The document is also important if you want to leave money and properties to individuals who are not your close relatives such as your nephews, nieces, or friends. You also get the opportunity to leave your favorite assets to the people you believe will value them. While including these items and heirs in your list, be sure to add as much details about each property and their beneficiaries as possible to avoid confusion.
3. Leaving a legacy
In addition to leaving your money and assets to family and friends, you would want to donate a portion to charity. The court cannot grant this wish unless you have included it in your Will. Be specific on what properties to be given out and to which charity organizations.
How you want to be buried is also what you should include in your Will. Remember to name where you want to be buried or who you want to keep your ashes if you prefer cremation. Discussing your Will with your lawyer will ensure that you follow all the requirements steps when writing it and that it is legal.
Henry Thompson, with Stone & Sallus Law, summarizes, “Wills can be confusing. Its a good idea to have a lawyer look over your paperwork to make sure everything is worded clearly and that you have not left out any important details. Your assets shouldn’t be left up to interpretation.”