What To Include in a Will

Put provisions in place for your minor children

This can include anything from setting up trusts for them to choosing their legal guardians. Though it’s not nice to think about, it’s important to make sure there are plans in place for the responsibility of your children, to make sure they are cared for in the way you wish.

Divide your estate

Decide how you want to divide your assets between family, friends and charities. There may be certain assets that you want to go to someone specific, such as a piece of jewellery or family heirloom. Make sure all of your wishes are written down in detail, so nothing is open to interpretation that could potentially cause family disputes down the line. Don’t forget to include digital assets and property.

Plan for your residuary estate

Your residuary estate is what remains after payments of any debts or expenses. It’s important to include a clause about this to avoid your estate being declared partially intestate. Include every aspect of your estate to ensure you have full control over the distribution of your assets.

Specify any funeral plans

While a will is a legally binding document, your instructions around funeral arrangements are not. It is up to the executor(s) of a will to decide whether to follow these instructions. However, your executor will be someone you have personally chosen, and one’s last wishes are usually met. If you want anything specific to be put in place for your funeral, or you have any particular feelings around organ donation for example, let this be known in your will.

Choose your executor(s)

Your executor(s) fulfil the wishes of your will on your behalf. If you don’t name an executor, or they are unable or unwilling to act, the law will determine an administrator for you. Make sure you ask the person if they agree to act as executor and name them in your will. You may also name substitute executors.