Interesting Things People Have Put in Their Last Will and Testament

As you may already know, a last will and testament is a legal document that expresses a person's wishes regarding their property and assets after they die as part of their estate planning. While many think that it’s a document reserved for the ultra-wealthy, it’s actually helpful if only to avoid disputes among heirs when the time comes, and save beneficiaries some money on inheritance taxes.

Often, it’s a straightforward distribution of assets, properties, and maybe some sentimental heirlooms. But you can also put more than that. It is, after all, your list of final wishes. Here are a few interesting details people have identified in their wills.

Inheritance of the living variety

Pets hold a special place in our hearts, and some individuals choose to ensure their furry friends are well taken care of after their passing. In their last wills, people have left detailed instructions for the care, maintenance, and even the allocation of substantial funds to guarantee the comfort and happiness of their cherished pets.

Fashion designer Karl Lagerfeld, who passed away at 85 in 2019, famously left a portion of his $195 million fortune to the care of his beloved cat, Choupette.

Inheritance of the eccentric variety

Every collector has a passion, and some individuals take their love for particular items to extraordinary lengths. Whether it's a vast collection of vintage cars, rare stamps, or even an assortment of quirky objects, people have designated specific beneficiaries who share their passion and will continue to expand and preserve their unique collections.

Testators, or the ones writing and leaving the will, can also indicate specific conditions or care instructions for their bequeathal.

Inheritance of the charitable variety

Philanthropy is a powerful way to leave a lasting impact on the world, and many individuals choose to extend their charitable pursuits even after their passing. People have bequeathed substantial sums of money, properties, or even established charitable foundations in their last wills. These selfless gestures continue to support causes close to their hearts, leaving a legacy that transcends generations.

But it doesn’t have to be in the millions, or in the form of a hospital wing. Some testators have left certain collections like books, equipment, and even clothes to charitable causes and beneficiaries.

Inheritance of the experiential variety

For those looking to make an impact beyond material possessions, extraordinary experiences can be a part of their final wishes. Some individuals have left instructions for their loved ones to go on once-in-a-lifetime adventures or indulge in luxury vacations as a way of celebrating their life and creating lasting memories.

These examples remind us that our last will and testament can be a reflection of our unique character, values, and passions, allowing us to leave behind a lasting legacy that goes beyond the conventional. Now let's talk about planning your pamana. Click here to learn how Life Insurance can help manage the eventual transfer of your estate.