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Current Location : Gifts in Wills | 5 Easy Steps to Writing a Will

Five Easy Steps to Writing a Will

Step one

Find a solicitor.  Ask your friends if they have written a Will and if so, who they could recommend.  Alternatively, you can find a solicitor by visiting the Law Society’s website.

Step two

Do some preparation.  Spend some time thinking about everything you have (your assets) including savings, life assurances, pensions, ISA’s, premium bonds, specific items of jewellery, and think about who you would like to benefit from these items after your death.  Also think about the names of two people who could administer your Will (your executors). 

Step three

Go to your solicitor with your Will planner (download one below).  Your solicitor will take note of your wishes and produce a draft Will.  You may also require tax planning advice, especially if the total value of your estate exceeds £325,000.00 (per person 2009/10).  Your solicitor will be able to assist with this.

Step four

Initial draft Will.  Your solicitor will send you a draft Will for you to approve.  You can make any changes at this point.

Step five

Finalise.  Once you are happy with your Will, your solicitor will ask you to sign it in the presence of two witnesses.  A copy of your Will is retained by the solicitor and you should also keep a copy at home and then review it regularly.

to download a Will Planner 

 


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