Demystifying Will Drafting in Peterborough: What to Expect From the Process
Demystifying Will Drafting in Peterborough: What to Expect From the Process
Making a will is something that many tend to postpone because it seems confusing, emotional, or just foreign to them. However, one of the most practical and caring things you can do for your family and the people you care about is to make a will.
A will lets you make choices about who receives your possessions, who takes care of your affairs, and who takes in your kids in case something happens to you.
We’ll walk you through the process in a casual, easy-to-comprehend manner. The process is a whole lot less stressful with the proper help, such as professional Wills Drafting Services in Peterborough.
Step 1: Take Stock of What You Own
Firstly, jot down a list of all that you possess. Then, of course, you need to account for your house, bank accounts, car, jewellery or anything else of value to you. Make a record of the debts you owe as you do so. Doing so lets you calculate the whole situation of your estate so that you can distribute it in the right manner.
Step 2: Decide Who Receives What
Now, consider who you want to inherit your assets. These are your beneficiaries. It might be your partner, children, friends, or charity. The more precise you are, the better, to prevent any misunderstandings or arguments in the future.
Step 3: Select a Person to Fulfill Your Desires
You will need to appoint an executor. He or she is the one who ensures that everything in the will is done as you intended. Typically, you appoint a close relative or a friend whom you trust. Alternatively, you may appoint a solicitor if you want someone who is legally experienced.
Step 4: Plan for Guardians for the Children
If you have minors under 18, you should appoint a guardian in your will. This makes sure they are cared for by someone you trust, in the event that something happens to you and your partner.
Step 5: Have the Will Prepared in Writing
Now the writing. You can do the actual writing yourself, but professional Wills Drafting Services in Peterborough is a safer option. They’ll keep all of the wording nice and clear, legally correct, and just the way you want, so that you don’t leave anything out or get anything wrong.
Step 6: Sign It Properly
The will is not valid unless you've signed it properly. You need to sign in the presence of two witnesses, who then sign as well. They must be neutral people, so don't choose witnesses who can benefit from the will.
Step 7: Store It in a Safe Place and Update It
Once your will is prepared and signed, keep it safe. That may be with your solicitor or in a safe home file. Make sure to tell your executor where to look. Make a new will whenever something big happens in your life. That may be marriage, the birth of a new baby, divorce, or the purchase of a home.
Need Assistance? Speak to Someone Who Truly Knows the Ropes
If any of this is still a bit overwhelming, don’t worry, you're not alone. That's precisely why Fosters Legal Solicitors are here. We provide friendly, professional Wills Drafting Services in Peterborough, with guidance to assist with anything from:
- Drafting or revamping a will
- Mirror wills and living wills
- Establishing trusts or appointing trustees
- Management of the ward's finances
- Charitable donations in your will
- Elder care planning or estate planning for assets
Get in Touch with Fosters Legal Solicitors Today
Ready to begin or want to know more? Contact us for a confidential discussion. At Fosters Legal Solicitors, you can be sure that you are in safe hands and that your wishes are understood and your family is cared for.
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