An Estate plan is one of the last responsibilities that you have in your life. Creating a will has its own complexities. You have to call your heirs and have comprehensive discussions on the division. It takes time to prepare a will.
You need to take the help of a renowned attorney with complete knowledge and understanding of the law of the land. They can help you out in creating your will. When creating a will, you must be mindful of some things you must NOT put into it. If you do it, the entire effort comes under the radar. The article discusses the don’t that you need to consider when you distribute will.
Things That You Should Never Put In The Will
When you are no more, your will needs to be proved in court before the property is distributed. It is done to ensure that the division is done entirely on your own wish. In this section, we discuss some of the things that you should shun at any cost. Let’s discuss them here.
1. Trust Property
When you write, they will not put the trust property into the will. A trusted property is an entity that is used to distribute an asset. Remember, trusts are common estate planning options, and they avoid probate. Trust properties follow trust rules and documents. Therefore you must ensure not to put the trust properties. To know more in detail, you can take the help of lawyers experts in preparing wills in UAE.
2. Joint Properties
Joint property denotes the assets where there are two owners. When one owner dies, the property automatically passes into the hands of the joint owner. The same goes for community properties.
You must not put them in the will because the next generation, says the spouse, automatically gets the rights on the property after the owner dies.
It might be the reason why people go for forming joint properties. With joint ownership, there is no need for research on passing it to other persons with the help of the laws of the land. These properties automatically pass on to the joint holder of the property.
3. Conditions
Are you considering attaching gifts left in your will? You need to think again about it. Please remember these conditions are not legal. They are difficult to enforce.
For example, if you are thinking of leaving the property for your sister, who is detached from the brother-in-law, you do not have to bother. No need to add them to the will. Therefore, you have to think about these conditions when you are writing the will, do not include them in the will. It will add to the complexities.
4. Funeral Arrangement
The funeral arrangement is one such thing among the list of things you need not include. You may ask why? Simply because it is not the right thing to do. Yes, there are people who include a clause on the kind of burial; that is, they need to be buried or cremated.
Your body is not under your control of the estate. Even it might be that your wishes do not get fulfilled. Then what to do? Create a funeral plan with the people and leave it in a written note. Therefore you need to consider these points and ensure you leave them separate from your will.
5. Anything That You Do Not Own
When you are creating a will to distribute among your heirs, create a list of the thing that you are going to include. Ensure that the list contains the assets that you outrightly own. It means you have written ownership of these assets, and no one can challenge them under any circumstances.
But do you think it’s proper to do if you include something in the will that you do not outrightly own? Of course not. If you do it, your efforts go in vain because you can not justify something illegal. Therefore keep away from entering any property that you do not own directly.
Closing The Discussion
It is important to make a note of the things that you include while writing a will. But it is even more important to have a concrete idea of things you do not own. Be meticulous regarding the things that you must not include and get yourself in a safe position. Take responsibility, talk to the lawyer and members of the family, and this makes a concrete wall.
