5 Steps to writing your Will

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.

The law and practice referred to in this article or webinar has been paraphrased or summarised. It might not be up-to-date with changes in the law and we do not guarantee the accuracy of any information provided at the time of reading. It should not be construed or relied upon as legal advice in relation to a specific set of circumstances.

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