Writing a Will: What You Need to Know
Writing a will is something that many couples never think about, but it’s an important part of estate planning. If you and your partner want to ensure that your wishes are respected when it comes to the distribution of your property and assets after you pass away, having a will is essential.
Here are some things to consider when writing a will:
Making sure your will is legally binding
The most important thing to consider when writing a will is making sure that it is legally binding so that it can be enforced when needed. This means consulting with an experienced solicitor – this is where we can help.
They can provide advice on how best to structure the document, depending on your particular wishes and needs. Additionally, they can advise on any other documents or legal requirements that may be necessary for the will to be valid.
Designating Beneficiaries
When writing a will, you also need to designate beneficiaries for each asset or piece of property included in the document. These are the people who will receive those assets once you die.
It’s important to make sure these beneficiaries are clearly identified so there is no confusion as to who should receive what after you pass away. Depending on your wishes and size of your estate, there may be additional considerations such as setting up trusts for minor children or other family members who are not able to manage their own finances due to age or disability.
Updating Your Will Regularly
Your circumstances may change over time, so it’s important to update your will periodically—at least once every five years or whenever major life changes occur such as marriage, divorce, birth of children or grandchildren, death of spouse/family members, etc. It’s always better to take proactive steps rather than waiting until it’s too late!
A well-crafted will is an essential part of any couple's estate planning process. When writing a will, there are several things you need to consider including making sure it is legally binding and designating beneficiaries for each asset or property listed in the document.
Additionally, it's important to update your will regularly so that it accurately reflects any changes in circumstances over time.
With careful consideration and guidance from an experienced solicitor specialising in wills and estate law, you can make sure that you have taken all necessary steps toward protecting yourself and those you love most after you pass away.
Contact our team so we can assist you through this process.