Why You Should Make A Will & Some Important Things To Consider When Making One
Making a will is not difficult to do, you can use an online will writing service, you can go to your local solicitor who for around 150 pounds could draw up a will for you or you can buy a will writing kit from a stationery store for around 10 pounds.
Here is a list of some important things you should consider when taking out a will:
1. You should make it very clear who gets what in your will.
2. You will need to get two people who are not benefiting from the will to act as witnesses. They do not need to see what is in the will, they just need to witness you signing it.
3. You will need to name two people to become executors of your will. The reason you will need two executors is to cover the scenario that one of the executors dies before you do. Your solicitor can be an executor of your will as can a beneficiary of your will.
4. It is a good idea to keep your will in a safe place and let your know your executors where it is kept. You could keep it at your solicitors, at your local bank or at the local probate registry which would cost you around 15 pounds.
5. Make sure you review your will every few years so that you can make any necessary amendments as your life circumstances change.
Well hopefully this article will encourage you to get round to writing your will soon so that your wishes for your estate are carried out when the time comes.
Related Tags: money, finance, writing, planning, personal, estate, tax, will, making, a, inheritance, solicitor
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