By Iyabo T Ola-Olorun
Your will is one of the most important documents you’ll need to draft as you age. A few weeks ago, a client contacted me; he wanted a will. I came around with my associate, and we put the will into writing.
He wanted to invest in trusts, and because my legal practice have partnerships with some firms I gave him a couple of recommendations as regards how to invest his assets and get his legacy to live on for many years to come. With over 35 years experience at the Nigerian Bar, I have the experience.
As wills are very discreet documents, my associate and I ensured that everything was thoroughly done, and we got it properly filed at the probate registry.
If you’re aging, or if you have something you’d like to leave properly planned for among your legacies, here are my recommendations for you:
- Start planning early — don’t wait until you’re much older or ill. Your mind is clearest when you’re healthy.
- Make a list of all your assets and liabilities — this includes properties, bank accounts, pensions, investments, digital assets, and even debts.
- Decide clearly who gets what — think carefully about who you want to benefit from your estate, including family members, charities, or close friends.
- Think about minors or dependents — if you have children or dependents, consider how you want their needs provided for over time.
- Choose someone you trust to manage your affairs when you’re gone — your executor should be someone responsible and dependable.
- Keep your documents safe and accessible — tell a trusted person where your will is kept or leave instructions they can access when needed.
- Update your will after major life events — births, deaths, marriages, divorces, or acquiring new property should trigger a review of your plans.
- Clarify any special wishes or sentimental items — don’t assume people will know what you wanted; put it in writing.
- Avoid informal promises or verbal agreements* — they can cause disputes later. Make sure everything important is written down.
- Have open conversations with your loved ones if you can* — it reduces surprises and helps people understand your values and intentions.
Planning ahead is a gift to those you’ll leave behind. They will have peace, clarity, and direction at a time when it’s needed most.
Iyabo T Ola-Olorun is the pioneer Chief Registrar of the Ekiti state Customary court of Appeal. She’s now retired .
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