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Leave a gift in your Will - 6 simple steps to consider

Read our guide to find out all you need to know about leaving a gift in your will

6 simple steps to consider

Here are six simple steps to consider when writing a Will:

  1. Make a list of your assets and estimate the value of your estate.

  2. Make a list of what you owe, considering debts such as any outstanding mortgage, loans or bills.

  3. Decide who you would like to benefit and how.

  4. Choose your Executor, s/he will ensure the terms of your Will are carried out and meet your solicitor.

  5. Create a letter of wishes to help those who may make your funeral arrangements when the time comes and also to set out the reasoning. 

  6. Keep it safe and up to date. Most people prefer to keep a copy with their solicitor and to keep their own copy in a safe place the Executor of the Will knows about. You should review your Will every 5 years or after any major life events, such as getting married or divorced, becoming a parent or grandparent or moving house.

 

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