What to Think About When Making a Will

Posted on:June 30, 2020

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Making a will is one of those jobs that ‘we will get around to one day’ – for many people, it doesn’t feel particularly pressing or essential, unless their health deteriorates or unless they have reached old age. But the fact is, a will is important to have as nobody really knows what is around the corner, and it will give you the peace of mind that your assets will go to the people that you want them to go to.

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It is possible to write a will yourself, but it is best to get a professional such as this Gloucester solicitor https://www.deeandgriffin.co.uk/ to do it. They will also be able to help and advise you and answer any questions that you may have.

Before you begin, it is a good idea to make a list of your assets as well as any debts – assets could be your home, any savings that you have, as well as premium bonds, vehicles, stocks and shares that you may hold, and personal items such as jewellery or furniture. Debts may be things like a mortgage, credit cards, loans or an overdraft. All of these need to be included in a will so it is a good idea to create a list before you speak with a solicitor.

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Once you have made a list, it is also a good idea to think about who you want to hand things to and how you might divide it. As well as the large things, such as property, you might also want to give certain things to certain people – these may be sentimental objects, or pieces of jewellery and family heirlooms.