How to Create a Memorandum
- Handwritten for Personal Touch: We recommend handwriting your memorandum. Clearly list the items and the names of the individuals you want to receive them.
- Specificity is Key: The more specific you are when describing items, the easier it will be for your executor to identify and distribute them according to your wishes.
Here’s an example of what a memorandum might look like:
Memorandum of: [Your Name] - John Doe
- Oak Dining R oom Table, Chairs, and Matching China Hutch: Thomas Doe, son
- 12-Piece Set of Mikasa: [Pink Floral Pattern) China: Jessica Deere, niece
- 2-Carat Oval Diamond Ring with White Gold Band: Jennifer Doe, daughter
Date: __ / __ / ____
Signature: John Doe
Important Considerations for Your Memorandum
While a memorandum is a useful tool, there are some important things to keep in mind:
- Wills vs. Memorandums: If you want a specific item to definitely go to a particular person, it must be included in your Will. Items listed only in the memorandum are suggestions and not legally binding.
- Avoid Duplication: Do not include items in the memorandum that are already specifically mentioned in your Will.
- Contact Information: Ensure that your executor knows how to reach each person listed in your memorandum, especially if they are not familiar with certain beneficiaries. Including contact details can help avoid confusion.
For additional information on what should and should not be included in your memorandum and updating your memorandum, see our article, The Basics of a Memorandum.
Do You Need To Speak With An Experienced Estate Planning Lawyer In The Dallas Area?
If you need to speak to an experienced estate planning attorney please contact us online or call our Dallas office directly at 214.559.7202. We help clients throughout the Dallas area with all of their estate planning needs and look forward to helping you.
