When it comes to estate planning, we often here the phrase ‘last will and testament.’ I think everyone probably has a good idea of what purpose the will serves, but what about the testament? The testament is a chance for you to make this legal document a little more personal and explain things to those who will be reading it after you pass. Let’s look at some of the ways you can personalize your will with a testament.
Personalizing Your Will with a Testament in Wheat Ridge
There are many different reasons to include a testament and various ways to get this accomplished. Some of the most popular include:
- Acknowledge the role people have had in your life – This is your time to express appreciation to those who have had a positive influence on your life. It will mean the world to those left behind to hear how they have played an important role in your life.
- A last effort to have an influence on those named in your will – This is your last opportunity to pass on wisdom and encourage your family and friends. This can be especially important if you consider that your children may still be minors when you pass away. This is your opportunity to remind them of important life lessons or teach them things that you might not have the chance. It’s far better to have this prepared and never need it than to not have it.
- Provide direction and advice to the person or people you have chosen to be the guardian for your children – This is your opportunity to explain why you chose this particular person or couple to raise your children. Encourage them and tell them how much it means to you that they are taking on this immense responsibility. Give them tips and offer some advice specific to your kids; things maybe only you would know about their quirks and needs.
- Present your wishes regarding how your beneficiaries will use their gifts – Without putting conditions on your gifts, you can express your wishes as far as how you like your gifts to be used. Explain if there was a specific reason why you gave one family member an heirloom or what you hope a gift will be used for in the future.
At the Pearman Law Firm, we would be happy to help you personalize your will and estate plan.