Fixed-price will & execution
When do I need to get a will?
Any time your relationship status changes it is important to update your will to reflect your intentions. When you have assets, it is important for peace of mind to have an up-to-date will in place.
What does the process involve?
When you make a Will you will need to appoint an Executor (or up to two, as appointing more than two can complicate things) whose role is to obtain probate, pay your debts and distribute your assets in line with your Will. Therefore, he/she/they should not only be someone you trust with capacity to administer your legal and financial affairs, you should make sure that they are they are comfortable taking on the responsibility. In your Will, you nominate who your beneficiary/beneficiaries is/are who is/are to receive your residuary estate. In your Will you can also specify if you wish to bequest a specific gift upon a beneficiary, and or state your preference of cremation/burial or if you wish to be recorded as an organ donor. A Will generally needs three things to be valid – it must be in writing, signed and dated and your signature witnessed by two other people who also need to sign the will. Once a Will is validly drawn, you should keep it in a safe place and inform your Executor where you have put it. Your solicitor can store your Will for you and give you certified copies for your records.