Whilst it is a topic we certainly do not like to think about often, making a Will is an essential part of planning and providing for your loved ones' futures after you have gone. You may consider it a simple matter however there are many things you will need to consider, such as valuing your Estate, considering how it will be distributed and how to make the most of your assets.
So, to help you get started, our experienced solicitors at Anderson Rowntree have shared some advice about what to consider before you begin.
Why do you need to make a Will?
Making a Will is important regardless of the size of your Estate because if you die without one, your money and possessions may not be distributed as you would wish, therefore exposing your loved ones to the risk of not being provided for.
It is also important to note that couples who are not married or in a civil partnership do not automatically inherit unless the person who died has left a Will stating their wish for them to benefit. This is particularly important if you have children or other dependents.
Will drafting – what to include
Before you begin making a Will with your solicitor it is important to take some time to think carefully about your Estate and how you want it to be distributed after you are gone. Consideration should be had to, for example:
- How much money, property and possessions you have – this can include houses, savings, pensions, insurance policies, shares, antiques, jewellery etc.
- Who you want to benefit from your Will – this involves listing those you want to receive something from your Estate, otherwise known as beneficiaries. You can also include charities.
- If you have children who are under 18 or others who are dependent on you, think about who will look after them and take on the responsibility.
- Who you want to appoint as your Executor – this is the person who will administer your Estate and distribute it in accordance with your Will. This can be a trusted family member or friend, or you can appoint a solicitor.
Experienced Will drafting solicitors
There are many important personal and legal decisions you will need to make when making your Will, not least to ensure that you make the most out of your Estate and that your Will is valid so that your wishes can not be challenged.
At Anderson Rowntree, West Sussex’s leading private client law firm, our team of experienced solicitors are here to help you through the entire process. We will guide you through step by step and provide expert advice on every aspect, from whom to appoint as your Executor to how to make your money go further.
To get started on the process of making a Will and to give yourself peace of mind that your loved ones are provided for should the worst happen, contact the Anderson Rowntree team today.