Making your will
What is a Will?
A will is a legally binding document which details how you would like your assets to be distributed after your death.
A will has no effect until you die.
If the will is not signed and witnessed correctly, it could deemed to be invalid. That is one of the reasons why it is important to seek legal advice regarding your will.
You can change your will at any time.
Why make your Will?
Making your will is important because:-
- It allows you to decide how your assets are distributed when you die;
- You can decide who will be the executor;
- You can decide who will be the parents or guardians of your minor children;
- You can make a plan on how best to deal with or minimise inheritance tax.
How often should you review your Will?
It is important to keep your will up to date. It would be a good idea to review your will every few years and especially following a major life event i.e. getting married, serparated, having a child, buying a house, changing job etc.
How do I start my Will?
You can begin the process of making your will by making an appointment with one of our solicitors. It usually doesn’t take very long to finalise the terms of your will and don’t worry if you don’t know the value of all of your assets or how much you want to leave each person. We can discuss and advise you in relation to these details.
Making a Will can be complex and there are various legal formalities that need to be followed.
Your solicitor can also talk to you about how to reduce inheritance tax.
Your solicitor is experienced in drafting wills and will help you to avoid pitfalls.
