5 Do’s And Don’ts Of Making A Will; Finding out the information about what you should and shouldn’t do when producing a Will can be confusing. We have put all the information you need in one place to save you from finding out when it’s too late.
What You Should Do When It Comes To Making Your Will;
- Prepare a list of your assets and how much your estate is worth. Once you have figured out precisely what you are leaving, it will allow you to allocate to your beneficiaries efficiently.
- Do make it clear to who you wish to leave. Never assume your assets will go to your nearest and dearest; if it is not stated clearly within your Will, then nothing is certain; likewise, if you want to donate to charity, make sure it is stated in your Will.
- Name alternative executors. In cases where your allocated executor can not fulfil the duty for reasons such as health issues, it is essential to have someone else who can step in.
- Do work with someone who knows the legalities and can express your wishes correctly. Many factors can make a Will invalid; be sure all legal documents are included and checked by someone with the relevant knowledge.
- Do have a Will in place ahead of time. We never know what is around the corner, and no estate is too little to have a Will. Your Will can be written in anticipation of future events you expect to take place, such as marriage and having a child, So there really is nothing stopping you from getting one in place sooner rather than later.
What You Should Avoid When Making Your Will
- Don’t be vague with your descriptions. Do you have specific items you want to leave for your loved ones? It is essential to state what they look like and where they will be located.
- Don’t assume. Naming executors is something that needs to be discussed beforehand. This person will hold the responsibility for your estate; therefore, it is something that both parties need to agree on prior.
- Don’t ask a child or partner to be a witness. Your witness has to be over 18 and someone who is not named in your Will; otherwise, it will be void.
- Don’t forget to seek professional advice. Writing the most important document of your life will never be easy. Save yourself time and hassle by getting it right the first time.
- Please don’t leave it too late. There is no right time to start your Will; the sooner, the better.
We hope you found these 5 Do’s And Don’ts Of Making A Will useful. Gathering all the information you may need in a straightforward document should make it easier for you to start the process.
Please contact us if you want to learn more about the Will Writing Services that we offer and how we can assist you.