Making a will is something that we all need to consider at some point in time. There are many things to consider when you are putting the will together, so make sure to approach the situation properly. There are several golden rules that you can follow regarding your will. Some of these rules will tell you what you should do regarding your will and what you should definitely avoid.
Read on in order to find out more.
Do Seek Professional Assistance
It is important to seek professional help from a solicitor of will writing firm, who will be able to guide you through the entire process. The will making costs in Northamptonshire will be lower if you decide to choose a specialised service over that of a general solicitor’s firm.
The firm will be able to ensure that you include all the correct details in your will, and they will double check that you are completely happy with the arrangements that have been made.
Do Choose A Good Executor
The executor is the person responsible for making sure that all the instructions you leave are carried out properly. This is a task that can require a lot of patience, especially if you have lots of assets to be given away to various different people and organisations. The person that you choose should be someone who is of sound mind and character. This will ensure that everything can be dealt with properly when the time comes.
Do Have Your Will Witnessed
You need to have your will witnessed by two independent people who are not named as beneficiaries. This will ensure that your will is valid after you have signed the document for yourself.
Do Leave The Will Where It Can Be Found
You will have put a lot of effort into making your will, so the last thing you want is for your loved ones to struggle to find the documents when the time comes. Don’t leave the will in an obscure place. Instead, it can be left in a chest of drawers in your study or in a folder in the loft which is clearly marked. This will ensure that the will can be executed as quickly as possible with few delays.
Don’t Assume That A Partner Gets Everything
You need to clarify the exact amount of money that you are leaving to a married partner, rather than assuming that they will inherit the entire total of your assets when you die. Under the current UK law, your partner will receive the first £250,000 of your estate. After that, the rest of the assets will be divided up between your partner and any children that you happen to have.
Don’t Assume That Your Family Could Sort Your Assets Without A Will
It is a mistake to believe that you won’t need a will in order for your family to sort out your assets. Without the will, they cannot make a lot of very important decisions.
Use this guide for the dos and don’ts of making a will.