Let’s talk about Wills …

We welcome IWC Wills and Probate as new members of PlannedDeparture family. They are our latest partners. You can find more information about them here

probate

So now we will be talking a bit about Wills.

What is a will?

A will is a legal document stating the distribution of property after death. A list of names of one or more individuals as beneficiaries or charities. It can also include the care of minor children. It declares your intentions of what specifically you would want done to your possessions and wealth.

There are 11 types of wills.

  • Joint Will
  • Attested Will
  • Living Will
  • Video Will
  • Mutual Will
  • Conditional Will
  • Testamentary Trust Will
  • Pour-Over Will
  • Trust Will
  • Mirror Will
  • Holographic will

Making a will gives you sole discretion over the distribution of your assets including your digital assets.

Have you ever asked yourself what would happen to your digital legacy when you pass away? Read what happens here.

What can be in your will?

It is everything you want it to be. From sentimental objects, properties, online accounts and passwords, money, debts, family heirlooms etc.

How to make a will?

You can also make it yourself online with the help of software programmes and websites but if you have any questions you can get assistance from a lawyer or solicitor. Read more about the requirements of making a will here.

If you haven’t already made one, make one now…

Don’t forget that your digital assets are just as important as everything else so do not forget to include that in your will, if you haven’t already, changes to your will can be made easily. Set up an account with planneddeparture. We value and protect your digital assets and make sure information is shared as you instructed.

Sign up for a free trial today

 

 

Author: Planned Departure

Living and working in this digital era, our social media accounts – from Facebook, Twitter, Flickr to the likes of Pinterest – are increasing not only in number but also in volume. Additionally, many of us have domain names registered and libraries of movies, digital music and e-Books that can be of significant value. And let's not forget about Bitcoin and other virtual currencies! For the majority of us, these accounts and digital assets are likely to outlive us. And when we die, it is left up to family members and estate executors to sift through them all. Furthermore, even though they may have all the required passwords necessary for these accounts, many heirs will discover that they have no clear authority to access, or even to manage, the online accounts of their deceased loved ones. With the value of individuals' digital assets globally measured in the hundreds of billions of dollars, planning for the protection of our digital assets has moved to centre stage. It is essential that our online and social media accounts are included as part of the estate planning process. Failure to do so may not only deprive those we leave behind of fond memories and (possibly) a little nest egg, it could also leave us vulnerable to postmortem identity theft if fraudsters get to use our personal details to apply for credit facilities whilst our accounts remain unguarded. Planned Departure resolves these issues. We provide you with the ability not only to protect your digital assets, but also to clearly indicate who can access your online accounts and who should benefit from them. Create piece of mind today by registering with us in one quick and easy process.

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