What is involved: in writing a Will?
When you make a Will, you’ll need to choose your executors and beneficiaries. The executors of the Will are the people who will be responsible for making sure your wishes are fulfilled when you’re gone; the beneficiaries are the people who will receive some, or all, of your assets, upon death. To make sure your preferences are enforceable, all the finer details of your Will will need to be written into a valid, legally binding document that has been signed by you (or somebody else on your behalf) and marked by two witnesses who are over the age of 18 and are of sound mind.
It sounds simple enough – and, of course, it is entirely possible to write your own Will. However, the Will writing process can be more complicated than you expect, especially if there are many beneficiaries involved and/or you need to consider inheritance tax implications. We would always suggest talking to our expert solicitors for honest, straightforward advice on writing a Will before you make any costly mistakes.
If your circumstances change – for example, you have more children, or go through a divorce – remember that you will need to review your Will to make sure it still accurately reflects your requirements.