04 Oct Items to include in your will
When it comes to having your will written by a Will writing Cheltenham professional such as Bees and Co there are a number of things that you need to ensure that you include. It is always best to have your will written by a professional like the one mentioned above to ensure that it is completed correctly and filed legally.
There are a number of key elements that you should include in your will:
Executor. It is important that you appoint someone to act as your executor upon your passing. This individual will be responsible for dealing with all of your affairs and distributing your estate in line with the information that you have provided in your will. You can pick anyone to be your executor but you should ensure that this is someone who is likely to act for you and someone who you can rely on such as a close friend or relative. It is also possible to ask a professional such as a solicitor or will writer to act as your executor.
Guardians. If you have children under the age of 18 you may wish to appoint a guardian who will take care of your children should something happen to both parents. You can name this individual, or individuals, in your will and you may also want to put aside money into a Trust fund for your children in the future and for the guardians to use for their upbringing after your passing.
Beneficiaries. These are the people who you want to benefit from the asset of your estate upon your passing. You can name anyone as a beneficiary of your will and this can include your spouse, children, family members and close friends and even charities and other organisations. It is important when you think about leaving your estate to members of your family that you are aware that the money they will receive is what is left of your estate after all liabilities and debt have been paid. There are lots of different ways that you can leave gifts to people and organisations in your will, naming them as a beneficiary is just one of the ways. You can also leave a legacy gift which is often how charities receive money from donations that people have made in their wills.
Funeral arrangements. It is possible to have your funeral wishes written into your well so that the executor and other family members are aware of the kind of funeral that you wish to have. This can cover arrangements such as whether you wish to be buried or cremated and where you wish your ashes to be scattered.