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Making a will is an important step in planning for the future and ensuring that your assets are distributed according to your wishes after you pass away. Before making a will it’s important that you consider the following:
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1. Decide what you want to include in your will: Your will should include all your assets, such as property, bank accounts, and investments, as well as any personal items that you want to leave to specific people.
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2. Choose your executor: An executor is the person who will be responsible for carrying out the instructions in your will. Choose someone you trust and who can handle the responsibilities of the role.
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3. Choose your beneficiaries: Your beneficiaries are the people or organisations who will receive your assets. Be sure to list them clearly and include any specific instructions or conditions.
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4. Get your will witnessed and signed: You must sign your will in the presence of witnesses who are not beneficiaries of the will. This helps ensure that the will is legally valid and enforceable.
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5. Keep your will in a safe place: Once your will is signed and witnessed, it's important to keep it in a safe place where it can be easily located after your death.
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6. Update your will regularly: Your will should be updated regularly to reflect any changes in your circumstances, such as the birth of a child, a change in marital status, or a change in your financial situation.
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Making a will can be a complex process, and it's important to seek professional advice if you're unsure about any aspect of the process. A qualified solicitor or financial planner can provide guidance and help ensure that your will reflects your wishes and is legally valid.