How To Prepare a Will Part 6

By now, you will have made the most important decisions related to your will. There are still a few more things to think about and decide.

Part 6 of a series on How to Prepare a Will.

 

Transcript

6. Other Decisions to Make in Your Will

By now, you will have made the most important decisions related to your will. There are still a few more things to think about and decide.

Leave Something for Others?

Apart from your own children, do you want to leave anything for others? At this stage in your life, you may think that you don’t have much to give to anyone other than your children. If that’s the case, don’t feel guilty, this is the situation of most young parents.

However, if you’re fortunate enough to be able to think beyond just your kids, then you want to think about others you wish to leave anything with. This can include other relatives, any dear friends you wish to support, or charities that you are committed to.

Charities include community organizations and faith communities that have charitable status.

Any Specific Bequests?

Until now, we have spoken generally about your assets. But are there specific things you wish to give to specific people? For example, is there a piece of jewelry that has sentimental value, that you wish to give to a particular child of yours? Do you wish to donate a piece of furniture to an organization you believe in?

These are all things you can do in your will, and you can be as specific as you wish.

Funeral

Do you have specific wishes for your funeral? Remember, your estate trustee will be the one to handle your funeral. Do you wish to be buried or cremated? Do you want a ceremony in a particular faith tradition? Is there anything else you wish to be a part of your funeral?

We know that at this stage in life, you probably haven’t given much thought to these issues. But on a side note, this exercise is a good way to think a little about what you would like said at your funeral and whether your own life is in alignment with that. This is all part of our philosophy at Park & Jung, that preparing a will is just a part of a larger process of thinking about the legacy you want to leave behind. It’s never too early to start thinking about that and shaping our life in accordance with those wishes.

Taking the Next Step

In the next and final video of this series, we talk about how you can start putting these concepts into action and getting to the business of actually preparing the will. We also talk about how we can assist you in this process. Please join us for this very important video!