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Useful Advice For Anyone Looking To Write Their Will

A will can be defined as a legal document that sets out how you want your property and money to be distributed after death. It also covers the appointment of guardians for children under 18 years old, should that be necessary. A will is not just for adults with family – anyone can benefit from writing one. If there are no dependants it makes sense to write a will, so you can leave your personal effects to friends or favored charities. If there are dependents, it is essential. If you own property, whether freehold or leasehold, you must make a will in order to pass on your estate when you die. If you’re thinking of writing your will, here’s some useful advice. 

Try An Online Service

There are a number of online services that can help make the process of writing your will quick and easy. Hiring an online wills service is a good option if you want to be sure that your will is legally binding, as professional will writers will know the correct wording and format to use. Here’s what to look out for if you opt for this kind of service:

Make Sure It’s A Professional Service

Make sure that any service you consider is a professional one. If it’s not, your will might not stand up in court. You want to make sure that the people making your will adhere to the rules and regulations surrounding matters such as wills and estates when they create it for you.

Find Out What’s Included

Some online will writing services include help and advice on inheritance tax, guardianship, and other legal issues. This can be very helpful, as it means you can get all your questions answered before you make your will.

Check The Price

The cost of an online will writing service can vary, so it’s important that you find out what you’re paying for before you pay anything. An online service should offer the support of a team of trained professionals, so make sure it’s worth paying your hard-earned cash for.

Make Sure It Covers All Your Assets

Your will might not be valid if it doesn’t cover all your assets. This includes property, financial investments, and other items.

It’s also important to make sure that you’ve written a new will if your situation changes in any way, for example, if you move house, get married or divorced, have a child, change your job or win the lottery. Make sure that you read through your will from time to time, too.

Be Clear And Concise When Writing Your Will

Make sure that you’re as clear and concise as possible when it comes to the actual writing of the will. Have some paper on hand for jotting down notes, including details of any information or documents that might be useful later on. If you’re not sure about something, ask a friend or family member to help you.

Be Sure To Name An Executor

An executor is a person responsible for making sure that your will is carried out after you die. This person has to deal with any debts or liabilities, pay any outstanding taxes, and then distribute the rest of your estate according to the terms of your will. 

Because of the importance of this person, here are the qualities to look for when choosing an executor:

  • Your executor needs to be trustworthy, both with your assets and also in terms of carrying out the job properly. Check their references before you give them this kind of responsibility.
  • Because they’re responsible for dealing with your money after you die, they need to be smart about it – otherwise, they could end up losing out.
  • This is a person who will be dealing with a lot of paperwork, so they need to be well organized. 

Sign In Front Of Witnesses

Your will must be signed in front of at least two witnesses, who must also sign your will. They don’t need to be professional witnesses, and they can even leave once they’ve witnessed you signing it – but they still have to sign the date and their own names

The witnesses can be anyone over the age of 18. You’ll find that many professionals looking to write a will recommend having at least one witness who has no connection with you whatsoever – this makes it harder for anyone (like family members) to claim undue influence.

Keep A Copy Of Your Will Safe

It’s a good idea to keep a copy of your will in a safe place, such as a fireproof box or safe. This will ensure that it’s easy to find and won’t get lost if something happens to your home. It’s also a good idea to let someone you trust know where the will is stored.

Writing a will can seem like a daunting task, but with the right advice and support, it can be a relatively easy process. Make sure you take the time to think about whom you want to leave your assets to, and what you want them to do with them. And remember – always have a copy of your will stored in a safe place, and let someone you trust know where it is.

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