It is very important for every person to make his own will during his lifetime when you are hail and hearty. You may be having plenty of wishes to be fulfilled when you are no longer present in this world.
Writing a will is going to tell your family members what you wished to do so that they can fulfill them when you are not around. However, there is something that you should never put in your will.
Let us therefore discuss in this post, what you should never put in your will.
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1. Conditional gifts
It is always better not to write in your will that is subjective and followed by certain conditions.
Some examples are:
- Give your car when your grandchild graduates
- Give some money if your son divorces his wife whom you never liked
- Donate your expensive watch when your grandchild marries.
These are conditional gifts that you can discuss with your near and dear ones during your lifetime.
2. Funeral arrangements
There is no point in specifying what arrangement should be made during your funeral when you die. That is because immediately after your death, nobody will check your will.
Your funeral will take place within 24 hours, while will is going to be seen at a much later date in the presence of all concerned people.
3. Gift to pets
Your pet dog can be your best friend and so is your pet cat. However, your pet cannot handle your property. Therefore, specifying any gift to your pets will not carry any meaning.
Again, during your lifetime, you may tell your near and dear ones that your pet be given all the love that you have been giving.
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4. Nonspecific
Avoid mentioning any vague things in your will. For example, if you want to give some money to someone after your death then specify the amount either in figure or in percentage of your savings.
Similarly, if you want to donate your car then specify full details rather than saying only a car.
5. Gifts to vulnerable beneficiaries
If you want to leave a certain amount of money to any vulnerable beneficiary, then it may affect their benefit entitlement. It is better to donate to a Disabled Person’s Trust.
The trust will automatically take care of the rest and the person will get that money.
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6. Things that you are not the owner
You can write on your will to gift someone that is fully owned by you. If you are a partial owner then you cannot write that in your will.
Another example is, if you have purchased a car on loan and the loan is still not paid then you cannot gift that car and cannot write in your will.
7. Joint accounts
If you are owning any bank account or property jointly with someone else, then after your death he or she will become its owner automatically.
Therefore, you should not mention anything in your will to gift someone if it is jointly held by you with someone else.
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8. Business Partnership
Last but not least, you should avoid including any business partnerships while writing your will. What is going to happen to your business share will generally require a proper agreement by all the remaining partners.
Therefore, you cannot just state in your own will what you like to happen without the consent of your business partners. They may disagree with your decision too.
Conclusion
Your will is a very important document that should be made during your lifetime. After your death, it will be executed as you wished. However, a few things you must avoid writing in the will as mentioned in the post.
