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What to include in a will

On Behalf of | Mar 24, 2017 | Firm News, Wills |

Individuals in Ohio and elsewhere in the country usually put off creating wills until they believe that they need them, such as when starting a business or becoming parents. When people decide the time has come to draft their wills, they need to make sure their documents contain the essential elements.

When writing a will, a person should name multiple beneficiaries in case the primary one dies before the testator. Someone should also carefully consider whether the person he or she wants to designate as the beneficiary will be able to properly manage inherited assets. Factors such as mental capacity and age may be reasons to not to name a loved one as a beneficiary.

Digital assets, such as domain names, online accounts and websites, have economic value. Provisions for such assets should be included in a will along with methods of obtaining any related user names and passwords.

Many people who have pets fail to make arrangements for what they want to happen to them after they die. In order to avoid having their beloved pets end up in shelters, individuals can specify caregivers for them in their wills and assign certain assets to be used to take care of their animals’ needs.

Personal property memorandums allow will creators to specify which particular heirlooms and sentimental mementos will go to whom. The inclusion of this provision a will can help prevent family squabbles that may occur over such items.

Guardian and trustee designations are the other critical details that a will should contain, and this information needs to be kept up to date. This is particularly important for ensuring that in the case of his or her death, an individual’s minor children and the related assets for caring for them go the guardian he or she intends.

An attorney who practices estate administration law may assist people with drafting wills that clearly state their final wishes. A lawyer may also litigate on behalf of beneficiaries if there are claims of undue influence or fraud.

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