Organise Your Legacy: Why Writing a Will Should Be Part of Your Plan

Writing a will is an essential part of organising your life and ensuring that your assets are distributed according to your wishes after your death. In this article, we'll cover the what, why, who, when, and how of writing a will.

What is a will?

A will is a legal document that outlines how your assets and property should be distributed after your death. It typically includes instructions for appointing an executor to manage your estate, identifying beneficiaries who will receive your assets, and specifying any other wishes you have related to your estate.

Why write a will?

There are several reasons why writing a will is important. First, it ensures that your wishes are carried out and can provide peace of mind for both you and your loved ones. Additionally, a will can help to simplify the process of distributing your assets and can help to avoid any disputes among family members or other potential beneficiaries. It can also help to minimize taxes and other expenses that may be incurred during the process.

Who should write a will?

Anyone who has assets, property, or personal belongings that they want to pass on to their loved ones or specific beneficiaries after their death should consider writing a will. This includes individuals who are young and healthy, as unexpected events can occur at any time. Writing a will can be especially important if you have children or dependents who rely on you financially.

When should you write a will?

It is recommended to write a will as soon as you have assets, property, or personal belongings that you want to distribute after your death. It's never too early to start planning for the future, and having a will in place can provide peace of mind for both you and your loved ones.

How do you write a will?

There are several low-cost options for writing a will, depending on your specific circumstances and needs. One option is to use an online will writing service, such as makegoodwill.com. These services typically provide customisable templates that you can fill out online and download. Another option is to purchase a do-it-yourself will kit from a stationary store or online retailer. However, it is important to note that DIY wills can be risky and may not be legally binding in some cases.

It is also recommended to consult with a lawyer or estate planner to ensure that your will is properly drafted and legally binding. A lawyer can help you navigate any complex legal issues related to your estate and ensure that your will meets your needs.

When writing a will, there are several important elements that you should include to ensure that it is valid and legally binding. These include appointing an executor, identifying beneficiaries, having witnesses sign the will, and signing the will yourself.

Writing a will is an important part of organising your life and ensuring that your wishes are carried out after your death. By taking the time to write a will, you can provide for your loved ones and provide peace of mind for yourself. Whether you choose to use an online service, a DIY kit, or a lawyer, it is important to ensure that your will is properly drafted and legally binding.