Wills
What is a Will?
A will is a written statement that outlines your instructions on how your assets are to be distributed after your death. It is a legal document that outlines your wishes and must be signed in compliance with current legislation.
Your assets include everything you own – including your property and furniture. You should also consider the beneficiaries of insurance policies, investments you have made, personal jewellery etc.
A will is the only way you can make sure that your assets are distributed according to your wishes after your death.
More and more people are now making a Will, as they realise that the wealth that they have built up needs to be managed properly and effectively when they pass. Most people accept this – according to the Court Service, 70% of estates are now distributed by a Will. It wasn’t long ago that 70% of the population didn’t have a Will!
See our intestacy rules pdf for what happens to your estate under different circumstances when you die in the UK.
See our glossary for terms commonly used when making a Will.