White Collar Legal
Will Drafting
The future is never certain, which is why it is essential that you prepare by putting your assets in order.
Reasons for Making a Will
Writing a will brings the piece of mind of knowing that your final wishes will be fulfilled without confusion, ensuring that your finances will go those that you care about the most.
Making a will allows you to avoid unnecessary inheritance tax and really help out the beneficiaries closest to you.
Furthermore, if you pass away without having written a will, it is up to the law to divide your estate, meaning it may be distributed in a manner that’s disagreeable to you.
Writing a Will
Contrary to what you might expect, writing a will doesn’t have to be a complicated or confusing process – you can even write it yourself.
However, if there are more complicated matters that may have to be dealt with in your Will such as sharing a property with someone who isn’t your husband, wife or civil partner then we can help and advise you iron out such complications and ensure your Will is covers your final wishes.
What to include in your Will
In your will you should state who you want to benefit from your will, who should look after any children under 18, who is going to sort out your estate and carry out your wishes after your death (your executor) and what will happen if your beneficiaries die before you.
You can always alter your will in case you feel the need to make changes later on, which is why it is a good idea to review your will every 2 years.
This keeps it fresh in your mind and ensures your assets will go exactly where you want them to go when you pass away.
Keeping your Will safe
Finally, it is important to keep your will safe. This could mean keeping it in a bank or with a solicitor, or just in a safe place at home with other important documents.
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