Memorandum in wishes – this legal term is used in the Wills and Probate sphere. It expresses a wish or a desire rather than a clear command. It is often implemented in trusts or wills. These wishes detail how the testator wants their assets (immovable properties, cars, personal belongings, etc.) to be distributed among the beneficiaries by the trustees or executors of the will. Somewhere the memorandum of wishes is called “Precatory memorandum” (n). If not implemented in a will or trust, the memorandum of wishes is not binding, but only a desire, where it is called “precatory words” only.
*Note that it is advisable to hire a lawyer who to draw your personal will. Lawyers are qualified in Law. They know what terms and conditions should be implemented in such forms to protect the interests of gift makers (testators).
