How to Prepare a Will?
No matter what age you have reached, preparing a will is important ahead of any unfortunate happen. A legal and recognized will is the best way to ensure your wishes in the event of your uncertain death. It could be in regard to your burial ceremony and how you would desire to divide your estate among your family members.
Here is a quick guide to help you protect your future while drafting a will on time:
- Essential Inclusions:
Your will must contain everything essential and pertaining to your personal conditions. Anything you wish to happen after your death must be mentioned in it. On the other side, if you don’t want something to happen, in particular, this also should be stated clearly.
About creating your own will, it can be written on a sheet of plain paper. The legality of the document is confirmed once it is properly signed and done in presence of two independent witnesses.
That being informed, there is a compulsory use of language in relation to legal documentation so it is suggested that you must follow the template examples available online. Such templates contain an essential terminology and are available with correct headings.
- Time to Pen Down Your Will:
Indeed, wills are the complex documents adhering to your circumstances. It is advised that the straightforward requests are considered by a will that has been penned down by your own.
To cite an example:
ü You’re married and desire your property or wealth to be only inherited by your surviving spouse.
ü In the event where your spouse dies before you, you select to leave your wealth to your surviving children.
To simplify the complications, it is best to appoint a solicitor for advice.
- Time to Call a Solicitor:
Professional and legal guidance is a must for anything related to:
- The ownership of property lying abroad.
- Relating to inheritance tax
- Overseas investments
- Inclusion of step-children
- You have persons dependent on you who’re otherwise not related to you directly.
- Any specific wishes that might be misinterpreted due to complexity.
The list mentioned above is not really exhaustive, so if you have any doubts then it is always proposed to avoid any challenges later on.
Appointing an advocate means they’re here to handle all the issues and in the event of any mistakes, they will be liable. The mistakes must be corrected by the hired solicitor but in case it’s not possible you can seek an advice of Legal Ombudsman.
In a nutshell, drafting a will is a foremost step – in the event of death, you need someone to act as your legal executor to handle all the practical arrangements of your wealth and that is undertaken by a solicitor. They not only assist you in creating a will but counsel you as and when required.
Hence, it’s never too late to ensure that your interests are being extended due care. If you haven’t done it yet, make your will sooner than never.