Following on from our article last week highlighting the danger of DIY wills, today we walk through the importance of a will and how to set about creating a will.
Although many people do not have a will, they believe that if they die their children or loved ones automatically inherit their estate, however, this is not always the case. While we understand why people put off making a will, it is a vitally important aspect of life and can ensure that your loved ones are looked after when you are gone.
Making a Will
While many people try and save or write their own will, this can prove to be more costly in the long run. While a DIY will maybe cheaper, a will for roughly around £100-£300 can ensure that your assets and estate is protected when you are gone.
Many people choose one to four executors to ensure their will is carried out, often choosing close friends or family to carry out their final wishes. If you own property, jointly or overseas it is important to tell your solicitor so that they can ensure they protect all of your assets. A DIY will or cheap will provider may not be able to ensure this protection. Joint will that mirror a partner’s wishes can also be created and is useful for married couples, however, these may not be an ideal will if there are children from other relationships.
A will can also state who will care for children, ensure they are educated or who will be their guardian if you are killed. If this is not stated.
Contact Us
If you require the advice of a solicitor when it comes to writing a will, amending a will or excluding someone from a will, our team of expert lawyers can help. Contact us today using our online contact form.
