Will making is an important requirement regardless of how old you are or how much you own. Without it all of your possessions may be distributed to people that you don’t want them to and the ones you love could be left with very little.
There are certain requirements when it comes to will making and without them it may be invalid. The person who is making the will must be aged 18 or older and must be in writing. Once it has been made it must be signed by the person making the will in the presence of two witnesses.
The two witnesses must also sign the will in the presence of the person making the will after they have signed it. When will making think carefully who the chosen witnesses are as them or their partners cannot benefit from the will. For example, if leaving possessions to family or friends they cannot be a witness when signing the will.
Another reason why will making is important at a young age is because the person making it must be of sound mind. They must be fully aware of the nature of the document and who and what people will be inheriting. If it is hard to prove that the person making the will is in a normal mental state it is likely to cause problems and it may be difficult to find someone who will construct the will.
As well as this will making must be done voluntarily and without any pressure from anyone else. After all it is the will maker’s money and their wishes so they should be respected by all of those around them.
Once the will making is complete it is important to keep it in a safe place together with any other relevant documents. Some people feel safer keeping it at home with them whereas others choose to keep it at a bank, with a solicitor or at the Principal Registry of the Family Division of the High Court.
Although will making is something that people put to the back of their minds it is an important process that should be completed as soon as possible. It can be amended to benefit new or different people and possessions can also be added or taken away. Once is has been done it can be forgotten about and should something happen it is guaranteed that only the people you want to inherit things will.
Affinity will making is one of the leading firms of independent Will writers in the United Kingdom with over 100 years collective experience, specializing in Will drafting, Trusts, Estate Planning and Probate.