Making a Will is very important. It is not as straightforward as just deciding who gets what, there are many important issues for you to consider.
With no Will, the law decides under the Intestacy Rules who will benefit from your Estate and this may not be what you wanted. We know making a Will can be a daunting prospect so we are bringing you a short guide on how to get started on making one and what kinds of things you may want to include.
Your Will should state a list of everything you own, which may include things like:
- Home contents
It should also include the location of any money you have, which may be held in:
- Bank/building society accounts
Your Will should include everything you owe including money from mortgages, loans and credit
After establishing what you own, you should set out exactly who you want to leave your money and possessions to. While most people leave their estate to their spouse, children or grandchildren, you may wish to leave money to a charity or other good cause.
Other important issues you need to consider and set out in your Will could include:
- Who should look after your children
- Who will be your executor (who will sort out your estate and carry out your wishes after your death)
- What should happen if people you want to benefit from your will, die before you do
- What will happen to your business
- What will happen to your foreign property
- What are your funeral arrangements
- Who will be the beneficiaries of your estate
If you need help or advice when writing your Will, let Peter Robinson & Co. ensure you provide for your family and loved ones.
Our Wills and Probate Team headed by Tammy Barnes, (holder of the Terrance Willey Prize), will help you plan for your future and that of your dependants. We can help you write your Will and guide you through making the wider decisions to help protect your Estate and Beneficiaries.
Feel free to get in touch with a member of our team, at any time.