5 Simple steps to consider when writing your Will
Everyone should have a Will, and you should give some thought to what you want included in your Will.
Below are 5 simple steps for you to consider when writing your Will:.
1. Make a list
Make a list of who you want to benefit from your estate, what your assets are worth and think about how you want to split your assets.
2. Inheritance Tax
Check if you will have to pay Inheritance Tax (IHT) by seeking advice from a legal professional.
3. Your beneficiaries
Think about protecting your beneficiaries and children under 18.
Choose your executor(s) wisely, as they will ensure that your wishes around your funeral plans and will are respected when the time comes. Make sure that your executor knows where you keep your important documents such as your Will.
5. Ensure it is Valid
Once your Will has been written, make sure that it is valid and have your will reviewed regularly as your personal circumstances may change.
To ensure that your Will is valid it is advised to consider the following:
- Made by a person who is 18 years old or over
- Made voluntarily and without pressure from any other person
- Made by a person who is of sound mind - fully aware of the nature of the document being written or signed and aware of the property and the identity of the people who may inherit
- In writing
- Signed by the person making the Will in the presence of two witnesses
- Signed by the two witnesses, in the presence of the person making the Will, after it has been signed. As soon as the Will is signed and witnessed, it is complete.
By leaving a gift in your Will towards our work, you're helping us build a world where diabetes can do no harm.
If you would like to know more about how to leave a gift towards our work please feel free to get in touch with the gifts in Wills team at email@example.com