Having a will is one of the most important things you can do for yourself and your loved ones
A will is a legal document that outlines how you want your assets to be distributed after you pass away. Without a will, the state decides how your assets are divided, which may not reflect your wishes.
However, a will is not a one-and-done document. Life changes constantly, and your will should change with it. It’s important to review and update your will regularly to ensure it accurately reflects your current circumstances and intentions.
Why having a will — and keeping it updated — is so important
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Control and clarity: A will allows you to decide who inherits your assets. Without one, your estate is distributed according to law, which may not align with your wishes. This can lead to disputes and cause unnecessary stress for your loved ones.
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Simplifying probate: Probate is the legal process of administering an estate after someone dies. Having a valid will can make this process faster and smoother. Without one, probate can become more complicated, time-consuming, and costly.
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Specific wishes: A will lets you specify exactly how you want your assets to be distributed — for example, leaving gifts to charity or making provisions for a loved one with special needs.
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Personal instructions: You can include details such as funeral arrangements, organ donation preferences, or care for your pets. It’s a way to make sure your wishes are respected and followed.
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Reducing stress and expense: A clear will can save your loved ones time, money, and emotional distress by preventing legal disputes and confusion.
How to create and maintain a will
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List your assets and liabilities. Include real estate, personal property, savings, investments, and any debts.
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Choose an executor. This is the person responsible for carrying out your wishes. Pick someone you trust and who can handle the responsibility.
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Select your beneficiaries. These are the people or organisations who will inherit your assets. Consider your family, friends, and any charities or causes that matter to you.
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Get professional advice. While it’s technically possible to create a will on your own, it’s strongly recommended to consult a solicitor. A solicitor will ensure your will is legally valid and properly executed.
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Review and update regularly. Life events such as marriage, divorce, the birth of a child, or the death of a beneficiary can affect your will. Some events, like marriage or divorce, can even revoke it entirely. When your life changes, your will should too.
Protect your loved ones by preparing today
Having a will — and keeping it up to date — is one of the most important steps you can take to protect your loved ones and ensure your wishes are honoured. Don’t delay. Take the time to create or update your will and secure peace of mind for you and your family.
We’re wills & probate solicitors
If you need advice on making or updating your will, we can help. Visit Wills, Probate & Estate Planning to learn more about our services or contact us today for a free initial consultation.