7 Key Elements To Remember When Writing Your Will

Writing your will is extremely important, and it’s crucial that you include all the relevant information. Failing to include all the relevant details in your will can lead to complications when the time comes to distribute your assets. Our blog is here to outline the key elements of your will that you should definitely include when writing your will.

Things To Definitely Include In Your Will

Writing your will is extremely important for ensuring that your wishes are carried out after you pass away. It’s important to regularly update your will and keep on top of all the details to make it easier when it comes to dividing up your assets and carrying out your wishes.

Executors

Choosing your executors is vital, as these individuals will be the ones in charge of dividing up our assets. They will be responsible for carrying out the instructions left in your will, so it’s important that you choose someone who you trust and can rely on.

What Are My Assets?

You will need a thorough and complete inventory of your assets when it comes to writing your will. Property, jewellery, vehicles, artwork, personal belongings, investments, you name it! Identifying all your assets will help you to divide up your belongings effectively, and help you avoid missing anything important.

Naming Beneficiaries

It’s vital that you name all your beneficiaries and who will inherit what. By being clear about this in your will, the chance of arguments and disagreements goes away, making the dividing of assets much simpler.

Guardians

If you have minor children, appointing a guardian is a key thing to include in your will. Be sure to choose people that you trust, and outline this in your will clearly, alongside any other wishes for your children’s upbringing.

Caretaker For Pets

If you have pets that you want to be cared for after you pass away, you should state this in your will. All details, concerns and wishes matter, no matter how big or small they might seem.

Asset Distribution

You should clearly outline HOW you want your assets to be distributed as well as to who. Be as clear as possible, and do not leave room for interpretation. This can lead to confusion, disagreements and the wrong assets going to the wrong individuals.

Debts & Taxes

If you have any unpaid debts or taxes, identify in your will how you would like to pay these outstanding debts. Usually, a bank account is identified to be used to pay these debts or taxes.



Almy & Thomas: Will Writing Solicitors In Torquay

If you’re looking for will assistance or will writing solicitors to help you, look no further. Here at Almy & Thomas we have a team of solicitors in Torquay who are ready to help you get your will right. For further enquiries about our services, feel free to contact us today for more information.