(PRWEB) October 18, 2012
Dying is not something that everyone thinks about even though it will happen to all of mankind at some point. Sports Fan Jewelry Online wants to make that time of life easier for all persons involved by sharing some details to consider when creating a will.
Through research, SF-JO found out that less than half of all individuals with property assets have a will. Most of those that do have a will are fifty years old or older or they have a wealthy estate. SF-JO wanted to identify any information that may impact its customers when it comes to generating a will. After its research, the SF-JO team decided the below tips worth sharing.
1) All individuals, eighteen years of age or older, should create a will. Even individuals with modest assets have items, such as sports jewelry heirlooms or new sports items they would want others to have should they pass away. A will gives instructions for the distribution of these items. It is important to be specific about who should get each piece of jewelry and remember that jewelry can be willed to individuals or to organizations. To ensure accurate identification of each piece of jewelry, it is helpful to take pictures of each willed piece, naming it on the picture and in the will. Include these pictures as part of the will to clarify your distribution wishes.
2) Individuals should update a will on an ”as needed bases” remembering to change it as estate or family situations change. It is important for individuals to sign and date all wills and state that it is their last will and that it takes the place of any will made before it.
3) It is important to have a will signed by witnesses. The number of required witnesses varies by state but the witness cannot be a beneficiary of the will or a close relative. Individuals should check with their state about witness requirements prior to finalizing a will.
4) Individuals should designate an executor for estate management and give that person the right to manage the estate immediately upon death. Individuals should include instructions to the executor for how debts or final costs should be handled being sure to include information about mortgage, loan payments, funeral expenses and taxes.
Many of the products offered in the SF-JO sports fan store would be appreciated when left behind by a loved one who has passed. The SF-JO catalogs are available online at http://www.sportsfanjewelryonline.com. Catalogs include licensed Professional League, Military and NCAA jewelry and accessories and non-licensed specialty jewelry for all sexes, age groups, and life styles.