Many people put off the task of writing their will. Thinking about death, particularly your own, is not pleasant, but writing a will is an important way of protecting your family. With the right professional help, the process is quick and straightforward.
What is a Will?
A will lays out exactly what you want to happen to your possessions after you die. Having your financial affairs in order will make things far easier for your relatives in the aftermath of your death. If your wishes have been clearly stated, there will be no confusion, wrangling or stressful waiting for your loved ones to deal with.
Writing a Will
It is perfectly possible to write your own will. You can buy do-it-yourself will packs and as long as they are properly witnessed, they are perfectly valid. The problem with this route, though, is that any potential problems with the wording or legality of your intentions will arise only after your death when the will is read. So for a document that has so much riding on it, it makes sense to consult an experienced solicitor who has the knowledge to help you draw up a watertight legal document. They will also offer you a variety of solutions as to how to structure your will in the most advantageous way for your beneficiaries.
You need to decide on an executor (you can name more than one), who will be in charge of carrying out the instructions in your will to the letter. For obvious reasons, this needs to be someone that you can trust. If you don’t have close friends or family, you can choose to instruct your solicitor to act as your executor.
Your will needs to contain accurate information about all your possessions — this is known as your ‘estate’. Your estate includes everything that belongs to you, from money in the form of savings or investments to property, cars and even less valuable assets such as furniture. Your will must state who you wish to leave them to. This element of your will needs to be written as unambiguously as possible. Your solicitor will have experience in doing this so that it cannot be easily legally challenged after your death. Details such as the beneficiaries’ full names are vital so that identification is as simple a matter as possible.
Once the will has been written to your satisfaction, it needs to be witnessed in order to become a legal document. Your witnesses are not allowed to be named in your will and they must also be at least 18 years old.
A will is one of the most important documents you will ever write, so take your time and carefully consider each aspect of the process. Always consult an experienced expert such as the ones available at QualitySolicitors and give yourself the peace of mind of knowing that all your financial affairs are in order. You’ll find it’s great to have one less thing to worry about.