Making a Will is not the most cheerful of subjects, but it is one of the most selfless acts you can make.
One in five people die without making a Will, often assuming that everything will automatically go to their partner or family, which isn’t necessarily so. A Will is the only way to ensure that your wishes are carried out after you die.
Naturally, your first consideration in making a Will is to take care of your family and friends. Once you have provided for them, you might like to consider the inclusion of a Legacy to charity. Not only can a Legacy reduce or eliminate the liability to Inheritance Tax, it is a good opportunity to help others.
A gift in your Will to Primrose Hospice will help secure the care of patients with cancer and other life threatening illness in the future. Please consider us when making your Will and let us know if you intend to do so.
Making a Will is generally straightforward and not too costly.
To make a Will, follow these important steps:
- Decide whom you want to benefit
- Choose a Solicitor
- Go prepared – list your beneficiaries and list your assets, which can form the basis of your discussion with your Solicitor.
- Appoint an Executor – the person who will ensure that all your wishes, as detailed in your Will, are followed.
- Have your Will witnessed – two witnesses will be required and these must not be beneficiaries to the Will.
- Keep you Will in a safe place.
- Be wary of Home Made Wills, as they can cause problems. The slightest mistake can invalidate your Will.
- Keep your Will updated – if your circumstances alter, for example you divorce or marry.