What Should You Include in Your Will?

Creating a will is the only way to legally control what happens to your assets once you pass away. Whether you have a large fortune or a few precious items, a will allows you to decide how everything is distributed, who has guardianship of your children and what happens to your property. Everyone’s estate is somebody’s net worth in the eyes of the law.

 

So, what should you include in your will? Read on to find out more.

Property

Your home is one of the most valuable assets you own so ensure you include it in your will. Perhaps you’d like the sale price to be split between your children or maybe you want to gift your property to one of your grandchildren. Remember to think about any business premises you own as well as properties abroad too.

Pets

If you have a beloved pup, cat or horse, for example, you might decide to include them in your will. However, be sure to check with the recipient beforehand so they aren’t handed an animal that they do not want to look after.

Children

Do you have a plan for your children if you pass away unexpectedly? Protect your children by ensuring they have a responsible guardian if anything bad were to happen. If you don’t include this information in your will or don’t have a will at all, it will be down to the court to decide who has custody after your death.

Funeral instructions

Many people choose to include their funeral wishes in their will so they’re given the send off they want. This can relieve a lot of stress for family members who are already grappling with grief.

Money

When you die you can’t take your money with you. Instead, why not gift it to your loved ones? You can put particular conditions in place such as not allowing access to the money until the recipient is 18 and so on. 

Here at Smalleys Solicitors, based in Nottingham, we offer expert legal advice for all kinds of legal matters. We have solicitors that can help with everything from family law and conveyancing to will writing and probate. Put your trust in us today and hire a reliable solicitor. Get in touch and find out more.