A will is a legal document that allows you to decide what happens to your assets, property, and possessions after you pass away. It’s a fundamental part of planning your estate, ensuring that your wishes are respected and that your loved ones are provided for.
Why a Will is Important
Without a will, your estate will be distributed according to intestacy rules, which may not reflect your wishes. This can lead to disputes among family members, delays in distributing your assets, and even financial hardship for those you care about.
Having a will allows you to:
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Choose your beneficiaries – decide who inherits your property, money, and personal belongings.
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Appoint guardians for children – if you have children under 18, a will lets you nominate someone you trust to care for them.
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Minimise disputes – clear instructions can reduce the risk of arguments among family members.
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Control your estate – decide exactly how your estate is divided, including any specific gifts or charitable donations.
Key Elements of a Will
A standard will typically includes:
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Executor(s) – the person or people you appoint to carry out your instructions.
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Beneficiaries – individuals or organisations who will receive your assets.
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Guardians – for parents of minor children, naming a guardian is essential.
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Specific gifts – any particular items or sums of money you want to leave to someone.
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Residue of the estate – what happens to what’s left after specific gifts are distributed.
How to Make a Will
In the UK, a will must meet certain legal requirements to be valid:
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It must be in writing.
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You must be 18 or over and have mental capacity.
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It must be signed by you in the presence of two witnesses, who also sign the will.
While it’s possible to write a will yourself, seeking the guidance of an experienced solicitor ensures your will is legally sound and reflects your wishes accurately.
Keeping Your Will Up to Date
Life changes, such as marriage, divorce, having children, or acquiring property, can affect your will. Reviewing your will regularly and updating it when needed ensures it remains current and valid.
Creating a will is not just about distributing assets—it’s about peace of mind. By clearly stating your wishes, you protect your loved ones and make the process easier for them during a difficult time.
