What is a will? What do I need to think about?
A will lets you decide who inherits your money, property and personal items when you die. If you die without a will then the government’s rules of intestacy decide who inherits your estate.
When you’re thinking about making a will you need to consider the following:-
- Executors – the people who are responsible for administering your estate, paying tax and making distributions
- Guardians – the people who will be responsible for bringing up your children if they are under 18 when you die
- Beneficiaries – who will inherit your money, property and personal items
- Further beneficiaries – who would inherit if your original beneficiaries die before you
It is wrong to think because you’re married you will automatically inherit everything. Is it also wrong to think there is such a thing as a ‘common law partnership’ which means you don’t need to make a will.
Everyone should have a will. Contact us today for your free will review.