1. Your beneficiaries 👪
Your beneficiaries are simply those who you will pass your belongings on to when you die. They can range from loved ones, friends, acquaintances and even charities.
2. Funeral wishes ⚰️
Your funeral wishes are what you would like to happen when the time comes to organise your funeral. Such as whether you would like to be cremated, buried and any specifics such as where you would like this to happen.
It’s also important to choose who you would like to arrange your funeral, normally a close loved one. It’s also handy to discuss this with them beforehand too.
3. Executors 🙋♀️
An executor is someone who you appoint to take charge of your will and to carry out your last wishes. They ensure that all your assets are distributed to the intended beneficiaries.
4. Estate 🏰
Your estate is essentially everything you own; all your belongings are included in this. It can be shared out how you wish or left solely to one individual. It’s up to you! All that are listed below are included in your estate.
5. Money 💷
For most, the primary purpose of writing a will is to be clear about who receives their money. It’s important to be specific and to have an idea of how much you will have at the time of your death.
6. Trusts 👶
Money can be put in a trust for children who are under the age of 18. This money will simply be accessible when they turn 18.
7. Legal guardians for children 👪
If you care for children who are under the age of 18, you should state who you would like to become their guardian in your will.
8. Home 🏠
Usually, this is the biggest asset you leave in your will. How you pass it on depends on how you own it, whether it’s outright, own it with someone else or if you have a mortgage.
9. Right of residence 🛋
This means you can allow someone to live in your property for a certain amount of time after you die.
10. Overseas property 🏘
If you own overseas property, speak to our will writers JPEP for advice and how to go about this.
11. Overseas assets ✈️
12. Bank account 🏦
You may want to designate beneficiaries to your bank account(s) to protect the contents.
13. Premium bonds 📑
Premium bonds can be held and still be eligible for cash prizes for 12 months after someone dies. The assigned beneficiary will then have to cash out the bonds.
14. Life insurance ☂️
Your life insurance payout upon your death will go to one of your beneficiaries and can be used for different causes, one may be paying for your funeral
15. Pension funds 👵
Whilst your pension trustees may decide who the pension gets passed to, you can choose your beneficiaries who could inherit your pension.
16. Investments 📈
Shares and investments may require a bit more complexity when it comes to leaving them in your will. Getting some help is not a bad idea!
17. Rental property/ investment property 🏡
If you are the landlord of a rental property, you can include this in your will.
18. Mortgage 🏘
Unless you specify that your assets should be used to pay off your mortgage, the beneficiary has the responsibility to repay it or sell the property.
19. Family heirlooms 🕰
These are special items that are passed down through generations. It’s important to be specific so these get into the right hands.
20. Sentimental keepsakes 🔒
You can never be too specific when gifting individual items in your will to those who you shared memories with.
21. Jewellery 💍
Jewellery can be sentimental, be of high value, or you might just want to pass something on to a loved one when you die.
22. Antiques 🖼
Again, these can be of high value or something you would like to keep within your family.
23. Clothing 👛
Gifting some special items of clothing could also be a good way to keep memories for loved ones.
24. Your car 🚘
This could be a great gift to someone in your family who is learning to drive or doesn’t own a car. Or even pass down that car you were working on with your child!
25. Furniture 🪑
Not only could this be handy for someone who’s in need of furniture, it’s also a great way for loved ones to keep a piece of you close to their heart.
26. Gifting to charity 🎁
Gifting to charity in your will is popular and is such a wonderful thing to do.
27. Pet care 🐱
Choosing who will take care of your pets is another key aspect to take into consideration when writing your will, they are a part of the family too!
28. Any other personal belongings
If you think someone might want or enjoy it, put it in! You can’t put in too much.
29. Online passwords 💻
Any important login details for online accounts that may hold money or need to be deactivated.
30. Social media accounts 📱
We’re in 2021, social media can be a big deal for some. Leaving your social media passwords and wishes in your will can be helpful for your loved ones to know what to do with them. Also, these days with all the security risks etc. they most likely wouldn’t get access to them, so giving them access ahead of time is smart!
31. Photographs and videos 📷
So many pictures and videos are stored digitally now, it’s so easy to lose them. Also, whether it’s leaving your cloud details or wishing for someone to print them all off, it’s important to not let them get deleted.
Wills and life insurance are such an important part of your life admin. You may be weary about writing a will or taking out life insurance because you feel that that means you are accepting death...however, it couldn't be farther from the truth. It means that you are getting prepared and taking care of your loved ones should the worst happen. 💛