Making a Will – Making a Will is one of the most practical ways we can prepare for our death. It is also one of the most significant and lasting ways we can express our love and care for those things that matter most to us in our life—our families, friends and loved ones, and our ideals and values.
A True Spirit of Generosity – According to the Buddhist teachings, it is extremely important to give up all our worldly attachments at the moment of death, in order that we can die in peace and equanimity. Furthermore, giving away our wealth and possessions, in a true spirit of generosity, can be an act of profound spiritual significance—one that will help ensure we accumulate tremendous merit for our future lives.
If we neglect to make a Will, this can cause unnecessary anxiety and confusion for those closest to us, at a time when they need to take care of all the arrangements following our death. Furthermore, our wealth may not be distributed as we would have wished; at worst it may even be reclaimed by the government.
Spiritual Significance – "In Tibet the masters, before they left their bodies, would indicate what they would like to offer to other teachers. Sometimes a master who was intending to reincarnate in the future would leave a particular group of objects for his reincarnation, giving a clear indication of what he wanted to leave. I am convinced that we should also be exact about who is going to receive our possessions or our money. These wishes should be expressed as lucidly as possible. If they are not, then after you die, if you are in the bardo of becoming, you will see your relatives squabbling over your goods or misusing your money, and this will disturb you. State precisely just how much of your money should be dedicated to charity, or different spiritual purposes, or given to each of your relatives. Making everything clear, down to the finest details, will reassure you and help you truly to let go."
Tibetan Book of Living and Dying