A will is a legal document in which you set out how your property is to be distributed after your death and who is to administer your estate. It gives your family certainty at a difficult time.
What happens without a will
If you die without a valid will, the law that applies to you generally decides who receives your property. That outcome may not match what you would have wanted, and it can lead to delay or disagreement among family members.
Who should consider making one
Anyone who owns property, has dependants or wishes to provide for particular people or causes should consider a will. It is also worth reviewing after a major life event such as marriage, the birth of a child or the purchase of property.
Questions to think about
- What assets do you own, and where are they?
- Who do you want to provide for, and in what shares?
- Who will you appoint to carry out your wishes?
- Are there children or dependants who need to be provided for?
- Are there any specific gifts you wish to make?
Keep it up to date
A will reflects your circumstances on the day it is made. Review it from time to time and update it when your circumstances or wishes change, and keep it in a place where your family can find it.
Get advice
The formal requirements for a valid will vary between places, and errors can make a will difficult or impossible to give effect to. A lawyer can help you to record your wishes clearly and correctly.
This article is general information and is not legal advice. If you would like to discuss your situation, please contact us.
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