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.
1. More than 2/3 of UK nationals do not have a will. Only 3 in 10 people have a will. In 2009 the treasury gained £76m from people who died without making a will and in 2010 gained £53m.
2. Making a will does not mean you are about to die, it’s just a way of preparing yourself for what will happen to your assets and digital legacy when you pass away.
3. You do not need 100’s of pounds, 10 houses, 8 cars or 12 children before you can create a will. A house, a car, a camera, an e-book, anything you hold dear is classified as an asset. All these assets need protecting.
4. Your will is customised to your preference. From sentimental objects, properties, online accounts, virtual goods and passwords, money, debts, family heirlooms. It includes anything you deem relevant. If you have no beneficiaries or would like to leave your assets to charity. It should be clearly stated.
5. You can also make a will yourself online but if you have any questions you can get assistance from a lawyer or solicitor.
When creating a will, don’t forget that your digital assets are just as important as everything else. Do not forget to include that in your will, if you haven’t already. A product like Planned Departure is an essential complementary solution to traditional wills. We value and protect your digital assets and make sure that information is shared as you instructed. Sign up for a free trial today.