When it comes to preparing for your appointment with us for drafting your will, there are a few things you will need to consider. Here are four key things to remember when drafting your will:
1. Be clear about what assets you currently hold. This may well have changed by the date of your death, but it is important to be aware of what you have now and who you would want to receive your assets. This includes specifying who should inherit your property, how much they should receive, when they should receive it and a contingency plan for if the beneficiary has died before you. Avoid ambiguity by being as specific as possible in your language.
2. Name an executor. This is the person who will be responsible for carrying out your wishes after you're gone. Choose someone you trust implicitly and who is up for the task of handling paperwork and financial matters. They can always seek legal advice and guidance when administering your estate. Also consider a replacement if your first choice is unable to act for any reason.
3. Appoint a guardian for your minor children. If you have young children, it's crucial to specify who you want to take care of them in the event of your death. Again, this should be someone you trust implicitly and who is prepared for the challenges of raising children. The court will have the final say as to who will ultimately take on the role, but your chance to put your hopes forward is through your Will.
4. Execution. A will has to be properly signed and witnessed. In order for a will to be legally binding, it must be signed by the person making the will (the 'testator') and witnessed by two adult witnesses who are not related to the testator or named in the will. We will always have the 2 independent witnesses available at our offices to sign, but if you wish to sign the will at home with your own witnesses present instead, we can always hold a meeting via video call to oversee the correct execution of the Will.
