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A Few Things To Remember To Include In Your Will
Douglas Thompson
Creating a will is an important step in ensuring that your loved ones are taken care of after you pass away. However, many people forget to include certain items or details in their will which can cause confusion or even legal battles down the line. Here are four things that people often forget to include in their will.
Specific Bequests
When most people think of creating a will, they consider how they want their assets to be distributed. However, many forget to include specific bequests. Specific bequests are gifts that are left to specific individuals or organizations. For example, you may want to leave your favorite piece of jewelry to your daughter or donate a sum of money to a charity. If you don't include specific bequests in your will, these items may be distributed among your other assets, or worse, they may not be distributed at all.
Alternate Beneficiaries
It's important to include alternate beneficiaries in your will in case your primary beneficiaries predecease you or are unable to receive their inheritance. For example, if you want to leave your assets to your children but they are underage, you may need to include alternate beneficiaries who will hold the assets in trust until your children are old enough to receive them. If you don't include alternate beneficiaries, the distribution of your assets may become complicated, or worse, the assets may end up in the hands of someone you wouldn't have wanted to receive them.
Digital Assets
Digital assets, such as social media profiles, online bank accounts, and digital photos, are becoming increasingly important in people's lives. However, many people forget to include them in their wills. If you don't include digital assets in your will, your loved ones may not be able to access or manage them. This can cause not only emotional distress but also financial difficulties if digital assets are left unmanaged or unrecognized.
Funeral and Burial Instructions
Funeral and burial instructions are often forgotten in wills, but they can be incredibly important for your loved ones. By including instructions for your funeral and burial, you can ensure that your loved ones are not left guessing about your wishes. For example, you may want to specify whether you want to be cremated or buried and if you have specific requests for your funeral, such as music or readings.
Creating a will is a critical step in ensuring that your assets are distributed according to your wishes and that your loved ones are taken care of after you pass away. However, it's important to remember that certain items or details may be forgotten in the process. By including specific bequests, alternate beneficiaries, digital assets, and funeral and burial instructions, you can create a comprehensive will that will provide clarity and guidance for your loved ones.
For more info, contact a local company like Wright Law Offices, PLLC.
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