Making a Will
What is a Will?
A Will is a legal statement of how you would like your assets (estate) to be distributed after your death.
Why should you make a Will?
Making a will has many advantages, you can:
- choose how your assets will be distributed
- decide who will act as your Executor(s) (An executor must administer your estate in accordance with your Will, your executor(s) can be your spouse/child/children/brother/sister/stranger)
- decide who might act as Guardian to your minor children (A Guardian will look after the day-to-day care of any minor children left behind)
- decide who might look after your dependents who require additional care
- decide who to appoint as the Trustees of your estate (Trustees must maintain your estate for the benefit of your minor children or dependents)
- plan for inheritance tax.
Having a Will ensures clarity and makes it easier for your loved ones when you die. If you do not make a Will, the law sets out how your assets will be distributed – and who can be appointed to administer your estate.
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