Elements of a Legal Will
A will gives you the power to determine how your property is distributed after you die. Writing a will is an unpleasant emotional journey that many wish they could avoid because it is like preparing for your death. A will prevents ugly scenarios where people fight for your property after you die. For your last wishes to be honoured after you have left, you need to include four main elements in your will;
* Name specific beneficiaries – When writing your will, be specific on the people that you want to give your property to and the specific property that each will receive. This will ensure that each person receives what you would want them to inherit from you. It will also ease the work for the executor as he will not have to look for ways to distribute your wealth amongst your loved ones.
* Digital assets – Social media accounts, online assets and blogs are also part of your property that you need to put under the custody of one person. Whether the digital assets have any monetary value or not, give your log in details to one person and indicate what you would like them to do with the accounts once you die.
* Name the executor of the will – An executor will clear all your debts and taxes, inventory your property, appraise them, and distribute them to the beneficiaries. It is safe to appoint at least two executors just in case one is incapable of fulfilling the duties.
* Legally executed – Wills in Caversham must be completed by an attorney according to the law for it to be legal. Informal wills can be contested in the court of law and it can lead to problems for your loved ones.
We at Harrisons Solicitors see to it that our clients’ last wishes are honoured per the will after they die. Schedule an appointment today.