10 Top Tips
Not many of us write a will apparently. Many myths have grown up around Wills which means that we are reluctant to put pen to paper. You should relax. If you don’t like your will just write another one. Don’t make alterations. It is not a cheque. It is a legal document recording your wishes. So here are my tips for you:
1. Why is it a good idea to write a Will?
The answer is because a Will is a legal document. It lets everyone including the courts know what it is that you want to happen to your property and belongings after your death.
2. Do I need a solicitor to write my Will?
No. Anyone can write a will, even a solicitor, but it is not a legal document until two people who are not beneficiaries sign the will as witnesses.
3. Do I need special knowledge or qualifications to write my Will?
No. There are pre-made Will forms and software but they are only there to help. It is your will and your preferences. You can write it at any time and on any type of paper you like. Please don’t make corrections. If you make a mistake then write another Will.
4. Can anyone write a Will?
No. You must be aged over 18.
5. Who should I nominate as the Executors of my Will?
Usually a spouse, close relative or a friend. Two people are usually sufficient to act as executors
6. Who should I ask to witness my Will?
Anyone over the age of 18 who is not a beneficiary. They are not required to read the contents of your Will so don’t let them read your Will. It’s yours.
7. What should go into a Will?
Small items and small amounts of cash. For example you may wish to leave a particular item like a watch or a ring to a particular person like a brother or a niece. Many people say that they want to include their spouse in their Will to ensure that they can stay in the house. This happens automatically for married couples provided there is no outstanding debt like tax or nursing home fees.
8. Do I need to be rich to make a Will?
No. You have a body, possibly a preference for burial or cremation, you may even have an ex-spouse. All of these should receive attention in your will. Put in your Will the fact that you prefer to be buried or cremated and maybe where you would like your remains to lie. Not a pleasant topic. Let’s move on.
9. Can a Will stop me paying tax?
No. There are only two things you can be certain of in life and they are Death and Paying Tax.
10. How are my previous Wills cancelled?
Previous Wills become void whenever a new Will is signed and dated.
You can write a new Will as often as you like but always remember to have the new Will witnessed and dated. In this way all previous Wills are void. Most important of all, please do not hide your Will but let your executors know where you have put the Will. They don’t have to read your Will before your death.
Brian McHugh has a web site where you can see him, loanload a specimen Will or view more top tips on writing you Last Will and Testament. Click in this link to go to his web site and watch his videos. http://www.nichewizard.co.uk