Guide to Wills
Writing a Will can be a daunting task, that's why we have created this guide to Wills for you. Hopefully the guide will explain the process and answer any questions you might have. If you have any further questions please don't hesitate to contact us.
Types of Wills
- Which type of Will works for me?
- What is a single Will and who is it suitable for?
- What is a mirror Will and who is it suitable for?
- What is a pair Will and who is it suitable for?
- What’s included in a Will?
- What is a living Will and who is it suitable for?
Lasting Power of Attorney
- What is a lasting power of attorney (LPA)?
- What type of power of attorney is suitable for me?
- LPA for your belongings
- LPA for your health and welfare
- How do I register a lasting power of attorney?
Contents of a Will
- What is included in a Will?
- Quick overview of what should be included in a Will:
- What is a testator?
- What is an executor?
- What are my assets?
- Your estate can contain the following assets:
- What are beneficiaries?
Guardians
Gifts
- Specific Gifts
- Non-specific gifts
- Residuary Gifts
- Gifts to children
- Gifts to charities
- Gift Failure
- Rejecting an inheritance or gift
Managing your Will
- Who is eligible to be your witnesses?
- Where do I keep my will?
- How will my relatives know how to retrieve my Will?
- What does a Will cost?
- How do I change my Will?
- Can I cancel or destroy my Will?
Inheritance Tax
- What is Inheritance Tax?
- What is the Inheritance Tax threshold?
- Planning for your inheritance
- Gift exemtions
- Donating to charity
- How do i calculate Inheritance Tax?
- Paying Inheritance Tax
- Inheritance Tax exemptions
- Who deals with the financial affairs of someone who has died?
- Applying for financial help