The Bucket List is a heart-warming film starring Morgan Freeman and Robert De Niro. It’s a story about two dying old men who let go of everything that has been holding them back in life, and went on a journey to do all the things they’ve wanted to but never had. That list of things was called the bucket list, and they checked off the items on that list one by one until they both died. They were happy.
Nowadays, everybody has a bucket list; not just the dying people. People live under the You Only Live Once (YOLO) philosophy, and they set out to do all the things they want. People do this because they don’t want to have any regrets. It’s a way of life that requires an open mind, an adventurous spirit, and a courageous attitude.
That being said, it should not only be limited to chasing adventures and living out your dreams. It should also extend to the pragmatic aspect of life. After all, we still live in the real world with our families, jobs, and responsibilities. Bearing that in mind, here are three practical things you should do before you kick the bucket.
Write a will
Many people neglect writing a will and dismiss it as something unimportant. If not entirely forgetting about it, they procrastinate and put it off till later. They think that there’ll be a lot of time to do it later.
Perhaps, they are under the impression that last wills and testaments are only for the rich people. They couldn’t be more wrong, as everybody can and should have a will. In fact, the cost of making will in Dubai is quite affordable. You should draft your will with the assistance of a lawyer as soon as possible, to avoid any confusion about your wishes and the management of the assets you leave behind after death.
Settle your debts
You may have debts in the form of a car or home loan, or maybe you just owe a few people some money. Before you kick the bucket, it’s wise to settle all these debts. If you neglect doing this, it will be the family you leave behind that will suffer, as the burden of settling all your debts will fall on them. Instead of leaving them with an inheritance to help them out, you’ll be leaving them with problems that will drag them down.
Save for your kids’ future
It’s wise to save for your kids’ future. Put up an educational fund for them, so when the time comes you have nothing to worry about. And if you are no longer with them at that time, they won’t have to think about how they’ll afford their education because you’ve already planned ahead.
The most pertinent thing is to write your will, as you can leave specific instructions about how to settle your debts after your death, and even the details of your kids’ trust funds. Visit this website to enlist the assistance of an attorney. You will need their services to ensure that the right process is followed and your will is validated by law.