Charity

Share your Fortune when you are Gone

It is beneficial to write our wishes on what should be done to or how our property and assets should be divided or taken care of after we die. This is particularly important in preventing family conflicts arising from family members and relatives fighting for your property when you are gone. This makes it imperative to write a will and deposit it with your attorney, who will then make your wishes clear on who will benefit from your property and assets. A will, also called the last statement is simply a document that states your wish after your death. It is usually read by a court which ensures that it is implemented to the latter.

 

Some of the benefits of writing a will include:

  • States who you wish to inherit and take care of your assets to avoid conflicts.
  • States how much your estates need to pay taxes to avoid paying more or conflicts arising from tax compliance.
  • Gives you an opportunity to choose your trustee. This is the person who will be in charge of all the dealing of your estates
  • Makes it easy for your family to run its affairs smoothly when you are gone
  • A will offers protection to your assets from potential predators.
     

On the other hand, dying without a will can be stressing to those you leave behind. It will lead to very many complications some of which can be family conflicts. Your property, on the other hand, will be divided subject to the rules of intestacy. This has far reaching implications as your property may not benefit the people you intended.

 

To write a will, there are basic requirements that one has to meet. They include:

  • You must identify what property you have
  • You must be of good mental state
  • Have a list of beneficiaries to your property
  • Have at least two witnesses to sign the document alongside you.
     

Considering giving your property to charity is an essential aspect when writing a will. We all have a responsibility to put a smile on the face of the less fortunate in society. Giving back to the society in your final days is an intimate gift that goes a long way to improving the life of the vulnerable in society. When writing a will to charity, it is important to identify clearly the specific organization by quoting its registration details where applicable, and the purpose for which it has to be used. However, you have to ensure that your will is correctly written and legally valid. Otherwise, your charity of choice may miss your gift and legacy that you will have left behind.