Creating a Will gives you control over what happens to your assets when you die, and ensures that your loved ones are provided for in accordance with your wishes. A Will also gives you the opportunity to appoint guardians of your choice to take care your children in the unfortunate eventuality of both parents passing away.
Estate taxes can be managed more efficiently through provisions made in a Will. In addition, the process of probate will also be simplified as you decide who will be responsible for winding up the affairs of your estate.
Some important considerations when making a Will;
- Who do you want to appoint as the Executors of your estate? This is a significant responsibility, so make sure that you appoint people that are honest, trustworthy and organised.
- How do you want your assets to be distributed? Do you want to make any specific gifts or cash gifts? Not only should you list the primary beneficiaries, but you should also make provision for substitute beneficiaries for in the event of a beneficiary pre-deceasing you.
- Who do you want to appoint as Guardians?
Should you require any advice regarding your Will, or any assistance in creating a Will, please feel free to contact us and we will make an appointment to visit you in the comfort of your own home.
Andrew Charlton is a member of The Society of Will Writers