How to write or amend a will
How to write or amend a Will
Writing a Will seems daunting but it is actually easier than you may think.
Making a Will is vital to ensuring your estate goes to the people and causes that are close to your heart.
We always recommend you visit a solicitor or a member of the Institute of Professional Will Writers to assist you, but these steps will hopefully make it easier for you and prepare you for a meeting with your professional advisor.
Things to consider - 6 simple steps
- Make a list of your assets and estimate the value of your estate.
- Make a list of what you owe, considering debts such as any outstanding mortgage, loans or bills.
- Decide who you would like to benefit and how.
- Choose your Executor, they will ensure that the terms of your Will are carried out and meet your solicitor.
- Create a letter of wishes to help those who may make your funeral arrangements when the time comes and also to set out the reasoning.
- Keep it safe and up to date. Most people prefer to keep a copy with their solicitor and to keep their own copy in a safe place the Executor of the Will knows about. It is recommended that you review your Will every 5 years or after any major life events, such as getting married or divorced, becoming a parent or grandparent or moving house.