It is important to know what not to include in your will, but it isn’t always easy. After all, we don’t think about what happens after we die! By knowing what you should and shouldn’t include, you can write a will that meets your goals and passes legal muster. Read on to find out more.
What to Include in Your Will
- Personal details. This may sound obvious, but your full name, address, and birthday are essential when deciding on your will.
- Appointed executors to manage your inheritance. If the chief executor cannot act, indicate who will.
- Minor Guardianship. Appoint a guardian for children under 18 if both parents die.
- Inventory. List all assets, including property, bank accounts, investments, vehicles and personal things.
- Provide a clear plan for using your estate to pay off debts and liabilities.
- Explain any special gifts you are giving to individuals or charities.
- Determine how to distribute the remaining share of your fortune among dependents.
- State your cremation or burial preference.
- Revoke previous Wills and codicils.
- Before signing, ensure two unconnected witnesses observe the will.
- Sign and date the will in front of witnesses.
- Notify your executor or a trusted person of the original will’s whereabouts.
What Not to Include in Your Will
- Wills should not make gifts contingent on future events because there is no way to enforce them.
- Only include legally owned property. The will’s sole purpose should be to distribute your possessions after death.
- If executors are not agreed upon, appoint them only after they have verified their willingness to take on the duty to avoid problems.
- Criminal requests include gifts or property destruction for criminal conduct. Will provisions must not encourage or reward illicit action.
- Be cautious when using free will templates online, as they may simply provide a basic outline and may not meet your specific needs.
Valid Will Brings Peace of Mind
Writing a will might be frightening. Knowing what to put in your will to ensure legality and clarity is as crucial as knowing what not to include. Regular reviews and modifications to your will can help you and your loved ones feel at ease by reflecting on your changing circumstances and preferences.
If you require assistance with probate matters, contact Jersey Probate on 0203 9859556.
