Personal Belongings In Your Will
When deciding to make a Will, we all want to ensure that all eventualities are covered as best as they can be even though the future is uncertain. One decision that may require special thought and consideration is deciding who to leave our personal belongings to. This becomes even more of an important decision if the personal belongings have sentimental value.
There is the ability to include a clause in the Will which lists exactly who receives what; however this could cause the Will to become lengthy and would not allow for much flexibility. Instead you can put a clause in your Will saying you want your executors to refer to a letter of wishes which offers guidance to those dealing with the belongings.
The list, which would be kept alongside the Will for safekeeping, identifies the trusted individual who will distribute their belongings according to the list. Having this in place could prevent potentially hard feelings amongst family members about who gets what.
For more information please call
Janette Wand - Associate
T: 01473 261344