In this section we are providing some practical information on creating and updating your Will. Writing a Will and keeping it up to date is an important way to ensure that you retain control over your affairs and removes any uncertainty about your wishes for those left behind. Making a will and keeping it up to date is very important—it puts you in control. We hope that by following the process below you will make sure that your Will reflects your wishes.
1. Assess your Estate.
Make a list of all your significant possessions. For example your house, car, savings and insurance as well as any other items you value.
2. Decide who you would like to benefit.
Anyone you choose can share your estate—your partner, family or friends. You can also leave a legacy to a good cause such as Derby Hospitals Charity after your family and friends have been provided for.
3. What sort of gifts would you like to leave?
You can leave any kind of gift from a share of your estate (residuary), an amount of money (pecuniary) or specific items. Your solicitor will be able to advise you on the benefits of different types of legacy or you can find out about the different types of legacy here
4. Choose your Executors.
You can choose between one and four people who will be able and willing to ensure that the conditions of your Will are carried out. You can choose anyone for this task from friends and family to your bank or solicitor.
5. Make a list of any other questions you may want to ask a solicitor
6. See your solicitor to make your Will.
It is important that your Will is drawn up by a legal professional—if the legal formalities are not followed then your Will could be declared invalid.
7. Ensure that your Will is correctly drawn up.
Once you are happy with the contents of your Will, make sure it is executed and witnessed properly. Your Solicitor can advise you on this. We have provided some examples of wording if you need it.
8. Keep your Will up to date.
You should reflect any change in your circumstances in your Will. Your solicitor can advise you on the best way to do this.
