Planning Your Will – JNB Law
We’ve put together the below checklist to help you gather the required information to make your will with us.
When making a will in England or Wales, you will need to make a number of decisions about what you need to include in it. At the same time, you will need to have certain information ready and available.
Here we’ve put together a useful checklist for making a will online. This we hope will hep you to understand the kind of decisions you will be making during this process, and what information it is important to gather.
If there’s anything at all you’re not sure about, please do not hesitate to call us on 0115 963 0179
Making a Will Checklist
- Your Personal Information:
You will need to provide details about yourself, as we will need details of your full name, date of birth, current address, relationship status and names and dates of birth of any children or dependents you have.
- Your Estate:
We will need you to consider what assets (possessions or items of value) that you own, including anything owned in sole and in joint names if applicable. This could include property/s, bank accounts, stocks and shares, vehicles, foreign assets, businesses, land, or anything else of value such as jewelry.
- Your beneficiaries:
You will then need to decide who your beneficiaries will be when you pass away. Your estate would normally be divided between these people.
There are several ways you could potentially do this, which also includes leaving parts of, or all of your estate to a charity, for example. You may choose to leave everything to just one person, such as your spouse, or maybe your children instead.
There are many potential permutations on how you may want to divide up your estate up, and to whom. We can discuss and advise on these points in great detail with you.
- Your Executors:
Next, you will need to decide who your executors will be. Your executors are the people who will ‘wind up’ your affairs when you pass away. It’s an important job which carries a certain amount of responsibility, so it is important to choose someone who is capable of carrying out the role and undertaking your wishes.
Usually, someone would name a person they know personally and that they trust to be their executor. You also don’t have to choose just one person, and in fact can name several people, depending on your needs.
If you happen to struggle to name someone, it’s also possible to name JNB Law as an executor using our executor service.
- Legal Guardians for your Children:
If any of your children are under the age of 18, you will need to make provisions for them. At this point you should also appoint a legal guardian who will be legally responsible for the welfare of your children when you pass away.
You will need to provide full details of your legal guardians which includes names and addresses.
You might also want to consider putting financial arrangements in place for your children when you pass away. For example, you might want their inheritance to be placed into a trust until they are able to access the same at a specified age.
- Your Trustees
Finally, you will need to decide whether you want to put certain assets into trusts. JNB Law offer a Trust Service where we can manage these needs for you. There are many types of trusts available and each have their own types of benefits. You will need to appoint individual trustees who will manage the Trust on behalf of the beneficiary, and these people can be the same people acting as executors.
Contact Us Today
If you would like a FREE no obligation discussion with us then please call us on 0115 963 0179 and we’ll be happy to help you.