Will the government profit from your death?
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A legally valid will ensures your wishes for what should happen to your money and possessions after your death are honored.
If you make a will you can also make sure you don’t pay more Inheritance Tax than you need to.
You can write your will yourself, but you should consider taking legal advice to make sure your will is interpreted in the way you wanted.
For your will to become legally valid and give your wishes the power of law it has to be witnessed and signed by you.
Should you need to change your will in any way you will have to officially alter it using a codicil or write a completely new will again.
What Should Your Will Say?
You should set out:
- who your beneficiaries are
- who should look after any children under 18
- which people will be responsible for carrying out the terms of your will
- what happens if the people you want to benefit die before you do
When You Need Legal Advice
You should get advice from a professional if your will isn’t straightforward, eg:
- you share a property with someone who isn’t your husband, wife or civil partner
- you want to leave money or property to a dependant who can’t care for themselves
- you have several family members who may make a claim on your will, eg a 2nd spouse or children from another marriage
- your permanent home isn’t in the UK
- you’re resident in the UK but have overseas property
- you have a business
However you do it, take action today and secure your wishes by writing your will. www.make-your-will.co.uk/process-of-making-a-will.html
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