First steps to making your Will
So you’ve decided to make a Will. But where do you begin? Here are some of the things you need to start thinking about
Where can I get help to make my Will?
You can make a Will by yourself through a do-it-yourself Will kit. However, it is often a good idea to get expert help. The cost of seeing a lawyer may save headaches for your loved ones later.
Who should I choose as my executor?
Your executor is responsible for making sure that your wishes are followed when you die. So make sure you choose one who is up to the job. It’s also a good idea look to have a chat with them and make sure they are willing to accept the role.
Should I have more than one executor?
It’s a good idea to appoint two executors in your Will because they can help each other out and keep track of what is going on. You can appoint up to four executors but that is not generally recommended. If you do appoint more than one executor, make sure they can work well together. You can also appoint an executor, and name an alternative, in case the first one cannot take on the role after you die.
Who will I leave my estate to?
You need to think carefully about who should receive what under your Will. You are expected to look after your dependants in your Will if they need your help and you have the resources. Dependants may include people such as your partner or children. If you want to exclude someone from your Will, seek legal advice. It’s also a good idea to leave a letter with your Will explaining why you have chosen to leave that person out.
What assets do I have?
There is often confusion about what can be disposed of under a Will. Generally you can include assets in your name only and assets that you own as a tenant in common.