A will is a legal document which lets you decide what happens to assets you own i.e. your money, property and possessions after your death. You must have capacity in order to make a valid will. At SSP solicitors we can professionally prepare your will so that your assets are distributed in accordance with your wishes.
If you die without a will then the law will dictate who is entitled to your assets. Your assets will be distributed in accordance with the Laws of Intestacy. If you want to update your will, you need to make an official alteration (called a codicil) or make a new will.
When making a will, you will need to appoint an executor. This is the person/are the people you choose who will administer your estate when you are gone.
Your will should name beneficiaries (i.e a person who is entitled to inherit under your will). These are a person or person's chosen by you.
You can write your will yourself, but you should get legal advice to make sure your will is interpreted in the way you wanted.
You do not need a solicitor to make a will however, will writers are not regulated and may not be insured which means that if anything does go wrong you may be left with very little protection. This may leave your loved ones having to deal with problems as a result of any negligence or inability to deal with matters relating to your will effectively.
Solicitors are regulated by the Solicitors Regulatory Authority and fully insured which protects consumers.
You need to get your will formally witnessed and signed to make it legally valid.