The 10 Most Important Things to Include in Your Will, Experts Say
Executor of the Will
Name an executor who will be responsible for carrying out your wishes and managing your estate.
Guardianship for Minor Children
If you have minor children, designate a guardian to care for them in the event of your passing. This ensures your children are looked after by someone you trust.
Distribution of Assets
Specify how you want your assets, including property, savings, investments, and personal belongings, to be distributed among your heirs or beneficiaries.
– Beneficiary Designations
Clearly name the beneficiaries who will inherit your assets. This may include family members, friends, or charities. Be specific about what each person will receive.
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– Specific Bequests
List any personal items or heirlooms that you want to pass on to specific individuals, such as jewelry, artwork, or sentimental belongings.
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Debts and Expenses
Provide instructions on how your outstanding debts, taxes, and final expenses should be handled. This can help prevent confusion or disputes among heirs.
Trust Provisions
If you want to set up a trust for minor children, disabled dependents, or loved ones, include provisions for a trust. This allows for controlled distribution of funds over time.
Digital Assets
In today’s digital age, it’s important to include instructions on how to handle your digital assets, such as social media accounts, email, and online financial accounts.