Before making your will, it's important to think about the big decisions. If you're making your will with a Public Trust expert, make notes about the questions below so you can talk through your wishes at your consultation.
Will you make any special gifts, such as jewellery, a family heirloom or a lump sum of money?
Apart from special gifts, who do you wish to leave your assets to? How do you want them to be divided?
Think about scenarios where a beneficiary may die before you – do you have a backup? What if an asset is to be divided equally between children and one dies before you – does their share go to your other children or theirs? You will need to have two backups for each child and beneficiary that you name in your will.
A guardian represents your preferences for your kids if you’re no longer around. Naming a guardian is important if you have children 18 years of age or younger. There is a range of things to consider when choosing a guardian, such as their values, age, commitments and finances. It’s important to name a back-up as well, not to mention discussing the role with them in depth.
There’s a lot to consider when it comes to your funeral and your remains. More than you might think.
Do you want to be buried or cremated? Would you like to donate your body or organs for medical use? You should think about where you’d like the service to be held, what kind of service it should be and who will lead it. You should also consider how the funeral will be funded.
Stating your preferences for your funeral takes the pressure off your loved ones at a difficult time. You can put your plans in your will or your statement of wishes which accompanies your will. It's also a good idea to leave them with family or a friend.