What can you leave in your will?

Most people appreciate the importance of writing a will but are you unsure as to what you should include? A will acts as a legal document to express who you want to inherit certain assets that you own after you die and names guardians for any young children, states how you wish to provide financially for your loved ones and can even give instructions for your funeral. You can also name the executor or executors who will manage your property and assets, the distribution and carry out your last wishes.

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A will is a legally binding document but will have to fulfil certain criteria for it to be valid and enforceable by the courts. For help with a will, consider a Solicitor Gloucester like https://www.deeandgriffin.co.uk/

Is your will valid?

There are no rules about the structure of your will, and in theory you can write it on any piece of paper. However, to take effect in England and Wales, it must be witnessed and signed by two independent adults. In Scotland, only one witness needs to sign and date it. One restriction is that anyone being a witness to a will cannot also directly benefit or inherit from you (although they can act as an executor).

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A will also has to provide information about your chosen executor. An executor is charged with collecting assets and sharing them as your wishes state. Executors may be a beneficiary of your will (as long as they are not a witness).

When planning a will, be sure to consider what assets you have, and how you want them to be used for your legacy.