Having a Will gives you control of how your affairs are managed following your death. Failing to have one potentially leaves several decisions at the mercy of the legal and tax systems, which can lead to unnecessary delays and difficulties as well as leaving your estate open to challenge.
If circumstances change and your Will needs to be altered, do not amend the original Will. You will be required to create a new Will. Minor changes, like the name of the executor, can be made using a formal codicil document. Ensure the codicil is kept with the original Will.
To establish a Will, there are some basic requirements that must be met:
When considering any of the below options, please keep in mind that the Laws in England &Wales / Scotland and Northern Ireland vary so please consult the appropriate Legal Persons.
Inform your executor(s) where your Will is stored.