A surprising number of people don't get around to writing a Will. We are all busy people and, because it can feel daunting, it stays on the 'to do' list. But if you want to choose who you leave your assets to, it's important to have a Will in place. Below are five simple steps to take you through what you need to do:
- 1. Work out roughly what you own
Therefore what your Will covers. Have a idea of the size of your estate and the value of your assets such as your home.
- 2. Who will benefit
Decide who will benefit and how much you would like them to have. Also consider where you would like your estate to go if those you wish to remember die before you.
- 3. Appoint the right executor
The executor's job is to make sure all taxes and liabilities are settled, and that your wishes as set out in your Will are carried out. The task can be complicated and take time so it should be someone who is organised, responsible and that you trust completely.
- 4. Choose guardians
If you have young children you should choose guardians who will look after them if something happens to you.
- 5. Seek legal advice
It is crucial to get such an important document right. We will listen, understand your circumstances and ensure we allocate your assets in the most appropriate and tax-efficient way.