Preparing to Write a Will...

1. Step 1 – Have a think !

• What instructions do you want to give in the event you need residential nursing care?
• How do you want to distribute your estate?
• What assets do you have?
• What are your assets worth?
• Who will be your Executor(s)?
• Who will be your Witness?
• Who would you like to act as your Attorney?
• Where will you keep the Will?

2.  Step 2 – Use whatever tax exemptions you can

• Have you utilised the current nil-rate band for Inheritance Tax purposes?
• Have you taken advantage of your annual gift exemption?
• Have you considered leaving gifts to Charities?

3. Step 3 – Draft the Will

• Appoint a professionally qualified person to help you make a Will

4. Step 4 – Review and Sign the Will

• Once your Will is drafted read it carefully to check everything is correct and that the right assets and amounts have been given to each beneficiary. Finally, sign & date the new Will and have your signature witnessed.

5. Step 5 – Store the Will

6. Step 6 – Destroy previous Wills and Codicils

7. Step 7 – Review your Will on a regular basis

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