Posted on 26.8.15 by Tasoula Addison
After spending the majority of our lives working to provide for both ourselves and our loved ones, it only makes sense to plan what happens to all of this hard work when we’re no longer around.
Making a will ensures your ‘estate’, which is your home, personal possessions, shares, savings and investments are divided according to your wishes. Having a will is important, but is absolutely imperative to anyone who has children, owns a property, has savings or investments, or owns a business. Consulting an expert solicitor in the field of will making is the only way to ensure your wishes are truly honoured.
A question you will want to know is, “how do I make a will and what are the necessary steps?” Below is a simple step-by-step guide of what you need to do.
- Contact And Use A Qualified Solicitor– solicitors, such as Gorvins, are insured, regulated and legally qualified having gone through years of training. They also have recourse to ombudsman if things go wrong. Even better, find a STEP qualified solicitor, which have specialist expertise and detailed knowledge of the law in the area of will writing and estate planning.
- Face-to-Face Meeting With The Solicitor – once you have appointed a solicitor the best way of capturing all the relevant information and getting the best advice is to go down to the office, where most solicitors offer a no-obligation initial meeting.
- Be Honest With The Solicitor – a solicitor is going to need the following details from you:
- The assets you own – property, vehicles, savings etc.
- Who gets what – think about the people who you want to receive your assets after you die – your spouse, civil partner, children, family, friends or charities
- Any other wishes – may be funeral arrangements and specific requests
- Provisions for children under 18 – you may need to name someone as their legal guardian to both look after them and manage their financial matters. You can also use a trust to provide for them financially which they can access when they are older
- Your circumstances – if you have any children you are not including in the Will, or if you have concerns about your children getting divorced or being bad with money – a solicitor can only advise you based on what you tell them
- Choose The Executors Of Your Will – it is vital to name the people you want to act as ‘executors’ of you will, who will take responsibility and carry out your final wishes. Your executors need to be considered carefully and be someone who you fully trust to administer your estate. It is always wise to appoint an alternative executor in your will, in case death or sickness should change the situation.
- View A Draft Of The Will – before going to sign and make sure you are happy with the Will and raise any concerns with the solicitor before going ahead and signing.
- Get the Will signed at the Solicitor’s Office – this ensures there is a record of the execution of the Will and that this was done correctly with witnesses, particularly important if family members are likely to cause trouble after your death.
- Storage and Review – many solicitors offer a storage service for your Will to ensure it is kept safe. Make sure you tell your executors and/or specific family members where you have stored your Will should they need to act out their responsibility. It is also wise to review your Will every 3-5 years or after every life changing event, e.g. you get married, have children or fall out with your executor.
To book an initial appoint with a fully qualified, experienced solicitor give Gorvins a ring today on 0161 930 5117. We are a ‘leading firm’ as ranked by The Legal 500 and Chambers UK, therefore, you will be dealing with an expert in the field who will guide, advice you and prepare for you this important document. You can also fill in our online contact form and we will be in touch at a more convenient time.