Having a Will, lets you decide what happens to your money, property and possessions after your death.
If you make a will you can also make sure you don’t pay more Inheritance Tax than you need to.
Of course you can write your will yourself, but you should get advice, for example to make sure your will is interpreted in the way you wanted.
You need to get your will formally witnessed and signed to make it legally valid.
If you want to update your will, you need to make an official alteration (called a codicil) or make a new will.
Our qualified staff can help you to make a will according to your wishes.
Here are some basics that you should put in your will.
You should set out:
- who you want to benefit from your will
- who should look after any children under 18
- who is going to sort out your estate and carry out your wishes after your death (your executor)
- what happens if the people you want to benefit die before you
Life these days is never straight-forward, especially with 2nd marriages. So in these cases you definitely want to get advice on making a will. These are the kind of situations that definitely need consideration.
- you share a property with someone who isn’t your husband, wife or civil partner
- you want to leave money or property to a dependant who can’t care for themselves
- you have several family members who may make a claim on your will, eg a 2nd spouse or children from another marriage
- your permanent home isn’t in the UK
- you’re resident in the UK but have overseas property
- you have a business
Here at Michael Usher Wills, we have been giving financial advice for over 20 years from our offices in Frimley High Street.
Call us for advice on your will 01276 691979