The best way to leave money in a will is to discuss it in our next article.
Most the fathers and mothers are looking for the best ways in which they can distribute the inheritance to their children in the will,
yet there is no best way for a fair distribution of 100 percent, so you should take care of this matter well before you write your choice.
So that you will not have wronged one child over another, which may cause problems and hatred between them when they are old.
So make sure to clear your mind well and study the matter from all sides before taking this step.
The will differs from one person to another depending on that person’s life circumstances. It affects whether the person is single or married and whether he is married and has children or only a wife.
Is the person an orphan or has a family and many assets.
Best way to leave money in a will
About the best way to leave money in a will: The will designates the persons designated to receive such property, which the deceased person owned.
Distribution of inheritance without a choice may be one of the things that oppress all children, especially children.
As the court chooses a specific person to take care of your children after death, which exposes them to the risk of selecting an irresponsible and immature person or a person who does not love your children.
Therefore, the will is one of the most important things you must provide before it is too late.
Read more: Condominium Law
How to distribute the inheritance among your children
Do all people wonder how to divide the inheritance among the children? Is it done evenly?
Or is the inheritance different according to the personality and circumstances of each son? Is the unequal division unfair to other children or fair?
We can look at this argument from two perspectives, and you must decide according to the circumstances of your family and children.
Some people consider a fair and equal distribution of children as the best solution.
Each of them gets the same amount of money, the same number of properties, and the same land area,
which gives the children peace of mind that there will be no problems after their death of the children or the difference.
This is because they have the same amount of everything.
But they resort to this method when the children are similar in circumstances and life.
But in some cases, the circumstances of the children are not the same, which makes them different from the point of view of the fathers and mothers.
That is why these families resort to unequal distribution, but a fair distribution from their point of view.
When the children see that there is a son they have that needs more than other children because specific reasons and circumstances make him need this division.
Therefore, we cannot be confident that there is a suitable method.
Therefore, you should study the children and family circumstances before determining the best way to write a will and divide the inheritance.
How to write a will
About best way to leave money in a will and the way to write a will. You must determine who will include this will, what will receive it, and why.
This is the first and most crucial step in writing your intention to avoid all disputes.
You must collect all the properties you own from cars, real estate, spaces, and companies.
Among the steps of writing a will, you can visit a lawyer to take all the necessary legal steps to confirm this will.
Or the participation of family members in these decisions that you will make to specify them in the will.
We will talk about the most critical steps you must take into account before writing a choice.
Write down all the individuals you wish to take the inheritance
In the beginning, determine the individuals you want to obtain your property with after your death, according to your wife and children, and if you’re going to include some of your close relatives in the will.
Also, if you want to donate to charitable organizations and your property and money, these philanthropic organizations must be written in the will.
The second step is to write down your assets and assets
You should write down the things you own that are easy to assess, such as jewelry, savings, or money.
Then you write down or mention the other things you own, such as your business or pension or the shares you bought in different markets.
Then your house or property or any building or yard you own.
How to divide your money
There are several different methods that you can use to distribute your inheritance to your children or relatives, and this varies according to the process of writing the will or the meaning that you convey to people or tell your attorney.
First is a financial will, and this expresses leaving a certain number of money to a specific person, such as leaving a thousand dollars to my son, so this is considered a financial will.
There is a specific will. You specify a particular thing and leave it to a particular person.
Like leaving the land that I own to my eldest son or my jewelry to my daughter.
A supplementary will is to specify a specific part of the will and attribute it to a particular person, such as setting a quarter of the estate to my sister.
This is a percentage of the estate or inheritance determined by the person in the will.
A retroactive will is to leave real estate to my wife if he accepts it, and if you do not, this real estate will return to my daughter.
It is not possible to determine the person who will obtain the property until after the death or life of the person.
read more: Inheritance Matters