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How do I Make a Will?

Making a will is quite straightforward, but needs to be carried out by an expert with knowledge of the complex issues involved and experience of avoiding the possible pitfalls of a badly written will.

How will Graysons help?

Our highly experienced wills and probate team will guide you through the process.  We will:

  • Meet with you and discuss your personal circumstances and wishes
  • Offer advice regarding the legalities of the will
  • Advise on Inheritance Tax planning if necessary
  • Help you to decide on who should be executors of your estate. (These are the people you choose to administer your estate.)  They are responsible for identifying the assets and debts, realising any assets to meet any debts and distributing any balance to your chosen beneficiaries)
  • Prepare the will and ensure that it’s witnessed in the correct legal manner
  • Offer the use of our secure will storage facility to keep your will safe and provide copies for your records

What should I think about when making a will?

We will guide you carefully when you come to see us about making your will to ensure that it is effective and meets your requirements.  However, it’s very helpful if you think about your will and how you want it to work before you come to see us.  For example, you might want to think about:

  • Your estate itself and what it’s made up of.  This can include property – including any property you own jointly, money (don’t forget that any money you have in a joint bank account passes automatically to the other account holder so you can’t leave it to anyone else), investments and possessions.  Remember that your debts will have to be paid out of your estate before it’s distributed to your beneficiaries
  • Who you want to inherit your estate.  Who will be your beneficiaries?  It can be individuals or organisations, such as a charity.  It’s also helpful if you think about who you would want to inherit if the beneficiary you have chosen has died by the time they will inherit – but we will guide you through this
  • Possessions – are there specific items that you want to leave to specific people?
  • Executors – who do you want to administer your estate when you die?  You should choose people you trust, and preferably choose more than one person.  If your estate is complex, you might was to choose a solicitor as one of your executors.  We can discuss this with you if you want to

I’ve made a will.  Should I update it?

Some changes in your personal circumstances can significantly affect your will, so we recommend that you update your will whenever you encounter such changes.  This could include changes such as:

  • Marriage
  • Separation
  • Divorce
  • Disposal of assets
  • Inheritance of new assets
  • Financial changes that could affect your Inheritance Tax liability, such as increases in the value of property or shares

If you think you’ve encountered any changes in  your life that might affect your will, please contact our wills and probate experts now to make an appointment to discuss your needs.

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