Ultimate Guide to Penning Your Will

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It might sound morbid to discuss such things, but you need to think about a will. The fact of the matter is that everybody will pass away at some point. It’s just a question of getting prepared for that day. So you need to pen your own will sooner rather than later. If you get married, this is something it would be advisable to sort out as soon as possible.

You need to make sure everything is in order for when you die. You will want to make sure your family are looked after when you go. A lot of people feel uncomfortable dealing with things like their wills because they don’t want to think about that kind of thing. But it’s pragmatic and practical to do so. So here is a how-to guide, without the jargon, for penning your will as soon as you can.

Assess Your Assets

You need to sit down and assess your assets to get you started. Think about everything you own and anything that is valuable and sentimental. You’re going to need to include all your assets when you write your will. Of course, this may well change and evolve over time, and that’s okay. But for now you need to have at least some idea of what assets you have. This will make it easier to decide who to designate to.

Decide on Beneficiaries

Once you have your assets sorted, you need to start thinking about beneficiaries. These are people you’re going to name in the will who will receive things from you. Bear in mind that none of these people will be able to act as your independent witness. This is seen as a conflict of interest, and you’ll need to remember that. Many people will name family members and friends as their beneficiaries. Some might also name charities or organizations too. You need to make the decision that you’re the happiest with.

Consult With a Solicitor

This is a delicate matter and involves a lot of meticulous planning and preparation. It’s so important to get this part right. So it might be worth consulting with a solicitor. You want to make sure that everything to do with your will is legally binding. There are specialist lawyers who will be able to help you with this. It’s important to make sure you get the legal support you need for peace of mind and to make sure everything is above board.

Draft the Will

Once you’ve sorted all this, you need to go through the process of actually drafting the will. You could probably easily find a website where you can make a will online. Your solicitor might even be able to help you in this area. Make sure you draft your will completely. Don’t worry; you can always make amendments and changes at a later date. For now you just want to get an idea of what it’s like to fully complete your will. Once you’ve drawn it up, you and your witnesses will need to sign it to make sure it’s legally binding.

It’s so important to make sure you prepare for the event of your death. Getting your finances in order for the event of your death is essential. And that’s why you need to make sure you draw up a will as soon as you can. Use this guide to help you achieve that, and don’t put it off for too long!

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