Writing a Will could be the most important thing you'll ever do and yet it is estimated that two thirds of UK adults still do not have one.
To help get you started here are a few things to think about when preparing to write your Will.
- Make a list of everything you own and what it is worth (assets)
- Include any life insurance policies and pension assets (if not already assigned)
- Subtract any money you may owe on death, such as mortgages and loans (liabilities)
- Estimate how much your estate is likely to be (the difference between your assets and liabilities)
- Make a list of those whom you want to benefit, including names and addresses. Think about any wider family and friends also
- Think about who you would like to be guardians for your children and seek their approval
- Think about whether you want to leave gifts to any charities. See our legacies page for more information
- Make a note of who you DON'T want to benefit
Once you have all of this information you are ready to start drafting your Will.