Why You Need to Be Specific When Writing a Will

December 29, 2022

No one likes to think about death, but it is something that we all have to face at some point in our lives. If you have children, it is especially important to make a will so that you can ensure that they are taken care of after you’re gone. 

These are a few reasons why specificity is so important when writing a will. 

Prevent Disputes

A will is a critical document that outlines your wishes for how your possessions will be distributed after your death. If you have specific items that you wish to go to particular people, it is important to be as specific as possible in your will. This can help to prevent misunderstandings and disputes between your loved ones after you are gone. 

For example, let’s say you have a piece of jewelry that has sentimental value to you. If you simply state in your will that the jewelry should go to your “daughter,” this could cause problems if you have more than one daughter. However, if you instead state that the jewelry should go to “my daughter Jane,” this can help to avoid any confusion. In short, being specific in your will can save your loved ones a lot of heartache down the road.

Ensure Your Wishes Are Carried Out

Writing a will is an important step in ensuring that your wishes are carried out after you die. This document can specify not only who should inherit your possessions, but also how you would like your funeral or memorial service to be conducted. 

For example, you can include detailed instructions on whether you would like to be buried or cremated, and what type of casket or urn you would prefer. You can also specify whether you would like a traditional funeral service or a more informal memorial service. While funerals include a casket, a memorial service does not. Including these specific details in your will can help to ensure that your final wishes are carried out exactly as you intended.

Avoid Legal Challenges

If you do not specify exactly who should inherit your assets, or if you use ambiguous language, your will could likely be challenged in court. This can be a costly and time-consuming process, and it may not result in the outcome you desire. It can also be time-consuming and costly for your heirs. Therefore, it is crucial to be as specific as possible when writing your will, in order to avoid any legal challenges.

Estate planning can be complicated and confusing for many people, but it is critical that you follow through with it. Without a specific will, your estate could suffer serious consequences. Understand these three benefits of a specific will when writing your will.

Did you enjoy reading this article? Here’s more to read. HOW TO INCREASE EFFECTIVENESS AMONG YOUR EMPLOYEES

Categories

More Posts:

Candice Bakx-Friesen – entrepreneur, certified money coach, real estate investor, real estate agent

I am a money coach who helps teens, families and small businesses overcome the stress of managing money to feel confident and empowered when it comes to their finances.

Overdue Financial Moves You Need to Make Now

If you've been procrastinating on tackling some essential financial actions, now is the time to take action. Today's article will emphasize three crucial financial moves that are long overdue: jumpstarting your retirement investing plan, formulating an estate plan,...

How to Protect Your Personal Finances From Black Swan Events

Life throws us an occasional curveball; it’s just a part of life. But what if your finances take a hit due to something outside of your control?  Black swan events are rare, but they occur and can cause massive financial losses. The key is to be prepared for the worst...

Major Expenses to Account for When Creating a Furniture Business

Starting a furniture business can be an exciting venture, but it’s important to remember that there are major expenses associated with the process. From warehouse space and machinery to labor costs and more, these expenses must be taken into consideration in order for...

How to Reduce Health Insurance Costs for Employees

As a business owner, you know how important it is to provide your employees with quality health insurance coverage. But you also want to make sure that you’re not overspending on health insurance costs.  Fortunately, there are several ways to reduce health insurance...

What You Need to Know Before Hiring a Financial Advisor

As a small business owner or entrepreneur, you’ve likely felt the pressures of finances and budgeting. If you’ve been struggling to manage your company finances, you could benefit from working with a financial advisor.  Here are a few things you should know before...

Precious Metals & Investing in Your Financial Future

Investing in different precious metals is a great way to increase your portfolio. While you can invest in silver and gold, you should also consider investing in Palladium, because it is a metal that is used in industrial applications. Gold is the most investable...

How Does Legal Compensation Work? All You Need to Know

In a life-threatening accident, the victim's family members are entitled to compensation. The guilty party must pay compensation for the loss of life and physical injury if it involves a criminal act (e.g., murder or rape). However, if you're injured in an accident at...

The Best Passive Investments for Entrepreneurs

The best way to enjoy your life on your own terms is to grow a vast and diverse portfolio of passive investments that make you money round the clock. This will give you the freedom to spend your time how you please, where you please, doing what you please. But in...

6 Ways to Ensure a Secure Financial Future for Your Family

As a breadwinner or head of your household, you understand how important it is to provide for your family financially. You work tirelessly to make ends meet and ensure your loved ones have what they need. But what about your family's future? While it may not be...
Overdue Financial Moves You Need to Make Now

Overdue Financial Moves You Need to Make Now

If you've been procrastinating on tackling some essential financial actions, now is the time to take action. Today's article will emphasize three crucial financial moves that are long overdue: jumpstarting your retirement investing plan, formulating an estate plan,...

How to Protect Your Personal Finances From Black Swan Events

How to Protect Your Personal Finances From Black Swan Events

Life throws us an occasional curveball; it’s just a part of life. But what if your finances take a hit due to something outside of your control?  Black swan events are rare, but they occur and can cause massive financial losses. The key is to be prepared for the worst...

How to Reduce Health Insurance Costs for Employees

How to Reduce Health Insurance Costs for Employees

As a business owner, you know how important it is to provide your employees with quality health insurance coverage. But you also want to make sure that you’re not overspending on health insurance costs.  Fortunately, there are several ways to reduce health insurance...

What You Need to Know Before Hiring a Financial Advisor

What You Need to Know Before Hiring a Financial Advisor

As a small business owner or entrepreneur, you’ve likely felt the pressures of finances and budgeting. If you’ve been struggling to manage your company finances, you could benefit from working with a financial advisor.  Here are a few things you should know before...

Precious Metals & Investing in Your Financial Future

Precious Metals & Investing in Your Financial Future

Investing in different precious metals is a great way to increase your portfolio. While you can invest in silver and gold, you should also consider investing in Palladium, because it is a metal that is used in industrial applications. Gold is the most investable...

The Best Passive Investments for Entrepreneurs

The Best Passive Investments for Entrepreneurs

The best way to enjoy your life on your own terms is to grow a vast and diverse portfolio of passive investments that make you money round the clock. This will give you the freedom to spend your time how you please, where you please, doing what you please. But in...

All Categories

Business Operations

Entrepreneur Interviews

Marketing, Networking, & Social Media

Self Care & Personal Development

Working Moms

Business Software and Technology

Entrepreneurship & Small Business

Organizing Tips

Sales

Career Building

Family Businesses

Inspiration

Starting Your Own Business

Work-Life Balance

Communication

Hiring Help

Management & Leadership

Time Management & Priorities

Women in Leadership

Recent Posts

Elements That Should Be Part of Your Company Retreat

Elements That Should Be Part of Your Company Retreat

A company retreat is an excellent opportunity for team-building, learning new skills, and fostering relationships between colleagues. Whether your team is large or small, a well-planned retreat can be an invaluable investment in your company's success. We will explore...

How to Make Employee Health a Priority

How to Make Employee Health a Priority

Prioritizing employee health is crucial for creating a healthy and productive work environment. By investing in the health and wellbeing of your employees, you can improve morale, reduce absenteeism, and build a positive company culture. Here are some tips on how to...

Why You Should Run Your Business on the Latest Technology

Why You Should Run Your Business on the Latest Technology

In today's fast-paced business environment, keeping up with technological advancements is essential for success. Implementing the latest technology can offer numerous benefits, such as improved productivity, enhanced data security, and reduced costs.  Improve...

What are local links and how to earn them

What are local links and how to earn them

What local links are and how they might assist local businesses develop an efficient SEO strategy are covered in this article. Local links allow visitors to learn more about a region and its businesses by connecting websites from the same area that are relevant to one another. They must be pertinent to the neighbourhood and offer valuable resources or information. Content marketing, reviews, sponsored content, social media, and directories are all ways to generate local links.

Ways for Increasing Property Management Lead Generation

Ways for Increasing Property Management Lead Generation

Property management is not a simple job, there are multiple tasks that a property manager should complete for various property investors. Marketing is one of the difficult parts, but it’s crucial. You can only attract tenants to your property and gain income after you have generated leads. Therefore, you should try your best to come up with smart and effective strategies to get your company known.