This video provides an ADHD-friendly overview of the simple will, and explains why it’s especially important to have a will, if you have ADHD or an addiction disorder.
Video Transcript
Although there are various types of wills, the most common is the simple will—which typically addresses five things:
- Number 1—it authorizes payments to cover any outstanding debts and expenses that have been left behind.
- Number 2—it appointments an executor—or “personal representative” to carry out the terms of the will.
- Number 3—it identifies specific bequests—or gifts that you want to make. For example, you might specifically state in your will that you want your grandmother’s silverware to go to your sister.
- Number 4—it includes a clause that transfers the rest of your property to a surviving spouse—or, if there isn’t a surviving spouse, to your children or other specifically named heirs. Without a will—state law determines who gets your property.
- And lastly—number 5: your will names a guardian for any minor children that you’ve left behind.
Having a will is important for anyone, but even more so for adults who have disorders such as ADD or addiction dependencies. This is because adults with these disorders are more likely to experience disruptive events, such as: divorce, remarriage, and job changes—all of which can create unintended consequences when it comes time to distribute assets.
That’s all for now—so be kind, take good care of yourself, and reach out to me if you need a little help.
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