You may already have a good idea of what you would want to put in your Will such as who will organise things and who you want to leave your money or property to, but you may not be aware that there are many other things that you can specifically include.
What is a Will?
A Will is a legal document that records your wishes after your death.
What can I include in a will?
You can include provisions that ensure that the right people receive your possessions, savings, property or assets. It allows you to make specific and detailed provisions about the things that matter to you. For example, Shakespeare made special provision in his Will to leave his wife, Anne Hathaway, his “second-best bed”.
A Will can include:
- Your choice of executor, who sorts out everything after your death
- Your choice of a testamentary guardian to care for your child or children
- Special provisions to care for your pet
- Details of who you would like to receive personal items such as jewellery, pictures, furniture or things of sentimental value
- Legacies to charities
- Specific provisions to deal with your Digital assets such as social media accounts and online passwords
- Guidance for your executors on the distribution of your assets
- Provisions to hold your money on “trust” until your children reach a suitable age
- Protect your assets for your children in the event that your spouse were to remarry
You will need to name one or several executors as they are responsible for arranging your funeral, closing any bank accounts, paying debts, collecting in assets and distributing them in accordance with the terms of your Will.
If you are a parent, grandparent or someone who cares for a child or children under the age of 18, your Will should set out your wishes as to who will care for them. If you don’t, the decision may be left up to the family courts to decide and your voice will not be heard
For all these reasons, it is so important to have a Will, as without one, your property and possessions could be shared in a way that takes no account whatsoever of your wishes and feelings. This is known as dying intestate and the rules are set out by law and without taking any account of your own personal circumstances
How to make a will
If you would like to make a Will, we can help. You can make an appointment with one of our specialists who will go through the process with you. You will be able to record all your wishes and know that everything will be carried out how you want. It doesn’t take long to do, and you can usually have your Will written within just two appointments.
Call our private client team direct on 0800 614 722 to arrange a free and confidential consultation.